EU regulators say they will probe Apple’s acquisition of Shazam

EU regulators say they will probe Apple's acquisition of Shazam

EU antitrust regulators will study iPhone maker Apple’s acquisition of British music discovery app Shazam following a request from seven European nations.

Apple has stated that Shazam, an app that lets customers establish songs by pointing a sensible cellphone on the audio supply, can be a pure match with its Apple Music streaming service.

Apple had sought approval for the deal from the Austrian competitors company as a result of the bid falls wanting the income threshold for an EU evaluate.

Austria subsequently requested the European Fee to take over the case. France, Iceland, Italy, Norway, Spain and Sweden additionally put in an identical request.

The EU antitrust enforcer stated that primarily based on preliminary information supplied by the seven nations, the deal might have a major hostile impact on competitors in Europe.

Apple will now need to formally ask the Fee to approve the deal. The EU regulator can both clear the bid with or with out circumstances or open a full-scale investigation if it has severe considerations.