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DOJ Warns Apple on Collusion for E-Book Pricing

NEW YORK ( TheStreet) -- Apple (AAPL - Get Report) may be the subject of an antitrust lawsuit for colluding with e-book publishers to raise prices on e-books, according to sources close to the matter.

A lawsuit may still be avoided as several of the parties may try to settle out of court. This could lead to cheaper prices for e-books, potentially, said sources close to the situation.

The story was first profiled in The Wall Street Journal.

Including Apple, five book publishers are also included in the potential lawsuit. Simon & Schuster, a division of CBS (CBS - Get Report); Penguin Group, a division of Pearson (PSO); French book publisher Hachette Book Group; Macmillan, a division of Verlagsgruppe Georg von Holtzbrinck GmbH; and HarperCollins Publishers, a division of News Corp. (NWSA - Get Report).

E-book pricing has also been an issue for Apple in Europe as well as the United States. In late 2011, the European Commission launched a probe into whether Apple and these same five publishing houses raised prices for e-books illegally in 2010.

Apple couldn't immediately be reached for comment for this story.

Apple shares were up 1.3% in Thursday trading to $537.57.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

-- Written by Chris Ciaccia in New York

>To follow the writer on Twitter, go to http://twitter.com/commodity_bull.

>To submit a news tip, send an email to: tips@thestreet.com

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SYM TRADE IT LAST %CHG
AAPL $128.70 0.00%
CBS $62.62 0.00%
NWSA $16.17 0.00%
PSO $20.40 0.00%
FB $78.81 0.00%

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