EU will review Apple’s acquisition of music discovery app Shazam

We reported back in December that Apple was set to buy music discover app Shazam. The tech giant reportedly signed a US$400m acquisition deal with the London-based company. And now it seems the European Commission wants to investigate the deal following requests from seven countries that fear the agreement will “adversely affect competition.” The seven petitioners include Austria, France, Iceland, Italy, Norway, Spain, and Sweden. When Apple made the announcement last year, it said the deal will be less than the “turnover threshold” for the European Commission. However, it’s above the merger notification threshold for Austria, which is leading the quorum of countries worried about the deal.

This investigation forces Apple to let the EU authorities know about the deal and have to wait for the investigation into the deal’s implications. The EC has up to 35 working days for the initial investigations and another 105 working days if there are serious concerns that need to be looked into. Apple will then have the opportunity for approval by answering and addressing the concerns.

Source: The Guardian