Apple in last-minute talks to avoid EU fines, FT reports

Apple (AAPL) is in last-minute talks with EU regulators over making changes to its App Store to avoid a series of escalating EU fines due to come into effect this week, The Financial Times’ Barbara Moens reports. People involved in the negotiations say Apple is expected to offer concessions on its “steering” provisions that stop users accessing offers outside the App Store. Regulators had ordered the company to revise its rules within two months of its initial EUR 500M fine, and people with knowledge of the talks say Apple is expected to announce some concessions that buy the company more time, as the commission would first assess those changes before making a final decision. Discussions have also involved Apple’s “Core Technology Fee,” which requires developers to pay for each annual install after 1M downloads.