In reaching this decision, the Commission found that Apple and Shazam mainly offer complementary services that do not compete with each other. After thoroughly analysing Shazam’s user and music data, we found that their acquisition by Apple would not reduce competition in the digital music streaming market.” We must therefore carefully review transactions which lead to the acquisition of important sets of data, including potentially commercially sensitive ones, to ensure they do not restrict competition. Today, after carrying out its in-depth probe, the Commission says it’s satisfied the deal will not adversely affect competition in the EEA - and has given it the go-ahead.Ĭommenting in a statement, antitrust chief Margrethe Vestager, said: “Data is key in the digital economy. Then in April the Commission stepped the review up into a full-blown investigation. Apple confirmed our scoop a few days later.īut two months later European Union competition regulators said they were reviewing the deal, a move triggered by concerns raised by multiple countries in the European Economic Area (EEA). TechCrunch broke the news of the acquisition last year - reporting the price for Apple picking up the veteran UK startup to be in the region of $400 million.
While Shazam offers what has been described as “a leading music recognition app” in the region (and globally). European regulators have given the green light to Apple’s December 2017 acquisition of music and image recognition discovery firm Shazam.Īpple Music is the second largest music streaming service in Europe, after Spotify.
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