Amazon wants ebook problem sorted out with EU

AmazonAmazon is chatting to European Union antitrust regulators about settling a year-long investigation into its e-book deals with publishers without a fine.

The book seller is in a lot of hot water with the EU over its tax deals with Luxembourg, which may result in the US online retailer paying millions of euros in back taxes.  It is possible that the last thing it wants is to be hit with another big fine from the ebook case.

It is early days yet, but it seems that Amazon is keen to settle the ebook case. Under the EU’s settlement rules, the company would not face any fine or finding of wrongdoing if it can offer concessions to allay regulatory concerns.

European Commission spokesman Ricardo Cardoso is saying nothing about any deal.

The EU competition watchdog opened an investigation into the case in June last year, saying Amazon’s e-books contracts with publishers giving it terms as good as those for its rivals may make it difficult for other e-books distributors to compete.

The focus is on Amazon’s e-books in English and German. The company is the biggest e-book distributor in Europe, while the market is growing rapidly.