European Commission antitrust regulators are set to approve Apple’s acquisition of music discovery service Shazam with no conditions, reported Reuters.
Apple announced its planned acquisition of Shazam in December, but the deal has yet to be completed due to an ongoing EU investigation.
Regulators were worried that the merger between the two companies would provide Apple with a wealth of data that could allow it to target its competitors’ customers, ultimately resulting in fewer music streaming options for European citizens.
There were also concerns that Apple would disallow Shazam from referring EU customers to Shazam’s rivals, such as Spotify. At the current time, Shazam can be connected to either Apple Music or Spotify, allowing Shazamed songs to be opened in either service.
While European Commission spokesman Ricardo Cardoso declined to comment at this time, a final decision on the acquisition is expected on September 18. Once approved, Apple will be able to finalize the deal and complete the Shazam purchase.
Full Content: Mac Rumors
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI