The Wall Street Journal: EU opens full-blown probe into Apple’s deal for Shazam [MarketWatch]
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Source: MarketWatch
EU opens full-blown probe into Apple’s deal for Shazam European Union antitrust authorities on Monday opened a full-blown probe into Apple Inc.’s proposed acquisition of the popular song-recognition app maker Shazam Entertainment Ltd., on concerns the deal could reduce choice for users of music-streaming services. The deal would give Apple AAPL, -0.29% ownership of an app that helps users identify songs before directing them to Apple Music or Spotify SPOT, -0.26% to listen to and potentially buy or stream them. It also would give Apple access to extensive information on consumers’ musical interests. Financial terms of the deal, announced in December, weren’t disclosed. The European Commission, the bloc’s antitrust authority, on Monday said it was concerned the deal could give Apple access to data that would allow the iPhone maker to directly target its rivals’ customers and encourage them to switch to its music-subscription service Apple Music. EU investigators said they would als
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