Apple’s Shazam acquisition to be examined by the European Commission


The European Commission, a group that promotes the interests of the European Union, says it’s going to examine Apple’s Shazam acquisition with the deal’s effects on competition in mind. Multiple countries, including Austria, France, Iceland, and Spain requested that the Commission assess the acquisition to determine whether it’s allowed under a European Union merger law.

Basically, these countries want to know how big of a threat Apple owning Shazam could be to local competition. Apple will now have to ask the Commission to approve the deal, which the EU regulator could sign off on with or without extra conditions. It could also open an investigation if it has bigger concerns.

Apple acquired Shazam in December for an undisclosed sum,...

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via The Verge - Tech Posts "http://ift.tt/2sfP0FY"

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