#apple’s purchase of Shazam is now under investigation by the EU
April 23, 2018 | Uncategorized
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 an investigation deadline set of September 4th.
The primary worry appears to be that Spotify and Apple currently gain 1 million…
