Amazon Has Begun E-Mailing E-Book Credits

Customers will earn credit for books published over a two-year period

   

Amazon Has Begun E-Mailing E-Book Credits

Amazon (AMZN) has started emailing e-book credits to customers as part of a settlement resulting from e-book price fixing.

Amazon Amazon Has Begun E Mailing E Book CreditsThe online retailer started informing customers on Tuesday that they will receive credit for books purchased between April 1, 2010 and May 21, 2012. This applies to books purchased through Amazon, Barnes & Noble (BKS), Apple (AAPL) or Kobo over that span.

Customers will get $3.17 for every New York Times bestseller purchased over that span and 73 cents for every other book. Overall, the settlement will cost Amazon about $166 million.

There are 33 states that claim Apple and book publishers conspired to raise e-book prices.

AMZN stock is up about 1% Tuesday. AAPL stock is up about 0.6% and BKS stock is down about 2%.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/03/amazon-credits-amzn-stock/.

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