EU Investigating Apple’s Purchase of Shazam

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The EU has launched an investigation into Apple’s acquisition of music identification service Shazam. It’s concerned that the deal could shrink consumer options for mobile music streaming services within the EEA (European Economic Area). In February, multiple countries, including Austria, France, Iceland, and Spain, requested that the European Commission assess the acquisition to determine whether it’s allowed under a European Union merger law. The deal, according to the commission, “may have a significant adverse effect on competition in the European Economic Area.” That request is now being acted on, with…

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Apple ‘to buy Shazam for $400m

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Apple is close to buying the music recognition app Shazam for about $400m (£300m), media reports say. Shazam, a UK company founded in 1999, allows people to use their smartphone or computer to identify and buy music through a snippet of sound. Shazam, which says it has more than 100 million monthly users, makes most of its revenue from commissions paid on referrals to Apple’s iTunes Store. Neither Apple nor Shazam have commented on the reports on the TechCrunch site. If the deal is confirmed, the music identifying App will…

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