Amazon and Hachette reach a deal to settle nasty dispute

Amazon and Hachette reach a deal to settle nasty dispute
(Image credit: Matthew Lloyd/Getty Images)

Amazon and Hachette Book Group have finally reached a a multi-year agreement, effectively resolving their months-long standoff.

Amazon had been fighting with the Hachette, asking for a bigger portion of e-book revenue, while keeping Hachette's e-book prices at $9.99. The dispute led to Amazon delaying orders of Hachette books.

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Meghan DeMaria

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.