Thursday, 6 September 2018

Apple's takeover of Shazam cleared by EU regulators



Apple's £286m takeover of UK-based music app Shazam has been cleared by EU regulators.
 
The European Commission carried out an in-depth investigation of the proposed deal after it was announced in December last year, following a request for an inquiry on competition grounds by several member states.
 
 
The main concern was that a takeover of the song recognition tool could see rivals to the tech giant's streaming service, Apple Music, put at a disadvantage.


Headphones are seen in front of a logo of online music streaming service Spotify in this February 18, 2014 illustration picture





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