Goodbye $450-million. Bloomberg:
Apple Inc. must pay $450 million to end an antitrust suit after the U.S. Supreme Court refused to question a finding that the company orchestrated a scheme to raise the prices for electronic books.
The justices, without comment, turned away an appeal by Apple, leaving intact a federal appeals court ruling favoring the U.S. Justice Department and more than 30 states that sued.
And without much competition, eBook prices are dominated by Amazon.