EU clears Apple plan to buy music app Shazam

phys.org | 9/6/2018 | Staff
liizu (Posted by) Level 3
Click For Photo: https://3c1703fe8d.site.internapcdn.net/newman/gfx/news/2018/theeuisfinew.jpg

The EU on Thursday approved US tech giant Apple's plan to buy leading song-recognition app Shazam, saying the move would not reduce choice for music streaming consumers.

The bloc launched a detailed probe into the deal with London-based Shazam, worth a reported $400 million, in April, at the request of several EU states amid fears it could harm competition in an intensifying battle of streaming services.

Apple-Shazam - Investigation - Round - Tussle - Brussels

The Apple-Shazam investigation was another round in the ongoing tussle between Brussels and Silicon Valley as the European Union adopts tougher regulation for the likes of Facebook, Google and Amazon.

"Data is key in the digital economy. We must therefore carefully review transactions which lead to the acquisition of important sets of data, including potentially commercially sensitive ones, to ensure they do not restrict competition," EU Competition Commissioner Margrethe Vestager said in a statement.

Shazam - User - Music - Data - Acquisition

"After thoroughly analysing Shazam's user and music data, we found that their acquisition by Apple would not reduce competition in the digital music streaming market."

Apple announced the deal in December last year in a fresh effort to gain an edge in the music streaming market where Sweden-based Spotify dominates.

EU

The EU examined...
(Excerpt) Read more at: phys.org
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!