Amazon strikes major deal with Simon & Schuster
A

Amazon has struck a multi-year deal for the sale of print and e-books from publishing giant Simon & Schuster. The news comes as a bit of a surprise, as Amazon has been struggling to reach a deal with Hachette, another major publisher. It is believed that the companies are at an impasse over the price of e-books.

Amazon has inked a multi-year deal with Simon & Schuster, the second major Big Five book publisher it has been negotiating with about the price of e-books, a source with knowledge of the situation tells Business Insider. Amazon has been in a brutal battle with Hachette since the publisher’s contract expired in March, but Business Insider’s source says that negotiations with Simon & Schuster took only took three weeks and closed two months before its contract expired. The publisher and the tech giant have signed a multi-year, print and digital contract. Simon & Schuster made its original offer and an agreement was reached after only a few tweaks by Amazon, according to our source.

NOTE: TECHi Two-Takes are the stories we have chosen from the web along with little bit of our opinion in a paragraph. Please check the original story in the Source Button below.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Interested in TECHi Feed RSS?

Get the latest insights, tips, and updates on revolutionizing your workspace to your inbox.

Popular This Week