appears to be closing in on its decision to bring an antitrust case against Amazon.
Amazon representatives are expected to meet this week with members of the commission to discuss the possible suit, a sign that legal action may be imminent.
Even as books have become a smaller slice of the company, Amazon has become an overwhelming force in the book market.
It accounts for at least 40 percent of physical books sold in the U.S., and more than 80 percent of e-books sold, according to an analysis released by WordsRated, a research data and analytics group.
With its purchase of Audible in 2008, Amazon has also become one of the largest audiobook producers and retailers.
Persons:
Lina Khan, Jonathan Kanter, It’s, Mayer, WordsRated, beholden
Organizations:
Federal Trade Commission, Department’s Antitrust, Amazon, Metro, Goldwyn, Markets Institute
Locations:
U.S, United States