Amazon Appeases Another Frenemy by Striking a Deal With HarperCollins

In the e-book war, Amazon has conceded another battle to its line of publishing frenemies. Amazon struck a deal with publisher HarperCollins that reportedly gives up some of the tech giant's dominance on how much consumers pay for books online. While Amazon has been holding prices low, publishers want higher prices to cover their costs. For years, Amazon and CEO Jeff Bezos have said that $9.99 is the appropriate price for ebooks. This lower price point, they argue, encourages consumers to buy more books and therefore spend more money in total.