Apple to pay $450 million as SC rejects e-books appeal

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The US Supreme Court on Monday declined to hear Apple Inc’s challenge to an appellate court decision that it conspired with five publishers to increase e-book prices.The Justice Department said the scheme caused some e-book prices to rise to $12.99 or $14.99 from the $9.99 price previously charged by market leader Publishers that the Justice Department said conspired with Apple include Lagardere SCA’s Hachette Book Group Inc, News Corp’s HarperCollins Publishers LLC, etc.

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