“The European Commission opened a formal antitrust investigation into Amazon’s e-book business on Thursday, opening yet another front in mounting EU scrutiny of America’s global tech giants,” Julia Fioretti reports for Reuters.

“The Commission said it would look in particular into certain clauses included in Amazon’s contracts with publishers,” Fioretti reports. “These clauses, it said, required publishers to inform Amazon about more favorable or alternative terms offered to Amazon’s competitors, a means to ensure Amazon is offered terms at least as good as those of its competitors. The Commission said this could violate EU antitrust rules that prohibit abuses of a dominant market position and restrictive business practices.”

Fioretti reports, “Competition Commissioner Margrethe Vestager said in a statement, ‘Our investigation does not call that into question. However, it is my duty to make sure that Amazon’s arrangements with publishers are not harmful to consumers, by preventing other e-book distributors from innovating and competing effectively with Amazon.'”

Read more in the full article here.

MacDailyNews Take: As opposed to the U.S. DOJ which killed real competition in order to save the appearance of competition.

[Thanks to MacDailyNews Readers “Brian P.” and “CaptainWhizz” for the heads up.]

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U.S.A. v. Apple: Judge Denise Cote says Apple needs third-party supervision after ‘blatant’ ebook price fixing – August 28, 2013