Late last year, Apple announced their plans to acquire music recognition service Shazam. However as is the case with all acquisitions, certain regulatory hurdles need to be cleared to ensure that everything is proper and that it won’t result in a monopoly. A few months ago, it seemed like Apple might have hit a snag over in Europe, but it looks like it has since been cleared.
According to a report from Reuters, they have heard from sources that apparently Apple’s plans to acquire Shazam will be given unconditional approval by the EU. This means that the investigative body that was looking into the acquisition has found nothing untowards in terms of monopolistic behavior, and will be clearing it for approval.
Previously there were several countries part of the EU who had expressed concern over the acquisition, in which they feel that Apple’s acquisition could edge out the competition by poaching users from its rivals, and also preventing users from seeking out alternatives to Apple Music, such as Spotify.
It is unclear how accurate the report is, but the official decision is expected to be made by the 18th of September which means that we should have the details in the coming weeks.
Filed in Entertainment, Legal, Music and Shazam.. Read more about