Apple expected to gain EC approval for Shazam deal

Andy Boxall | August 24, 2018

App Business

Apple is expected to receive approval for its purchase of music service Shazam, following an antitrust investigation by the European Commission, according to anonymous sources seeking to Reuters.

The investigation began in April, after Apple and Shazam announced the deal at the end of 2017, and focused on concerns Apple would gain an unfair advantage in the market. Shazam listens to music playing, identifies the song, and then can guide listeners to a store to buy the track.

No official statement has been made at this time, but the EU Commission is scheduled to reveal its decision on September 18. The amount of money Apple is paying for Shazam is also unknown, but estimated to be around $400m.

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