Apple’s ebook settlement means you may have extra cash to spend
If you bought ebooks from Amazon in the past few years, you may have a little cash to spend as part of an antitrust settlement involving Apple.
The Department of Justice accused Apple and five major publishers of conspiring to raise ebook prices. The company agreed to pay $400 million to settle the case.
Now customers who bought ebooks from Hachette, HarperCollins, Simon & Schuster, Penguin or Macmillan between April 1, 2010, and May 21, 2012, from Amazon, Apple, Barnes & Noble and Kobo are getting credits.
Emails went out to Amazon customers this week informing them of their credits, which are good until June 24, 2017. You should keep checking your email inbox, too. Other companies are expected to notify customers that they’re due some money.
The settlement includes $6.93 for New York Times best-selling ebooks and $1.57 for other ebooks purchased through retailers. The money comes directly from Apple. Amazon’s credit is good toward just about any purchase on the company’s website.
Amazon set up an FAQ for customers here. You can find out more about the lawsuit and settlement here.