On December 11, 2017, Apple announced via press release that it wanted to take over the music recognition service Shazam. The EU then expressed concerns that Apple could become too powerful.
The EU Commission needed nine months to examine the takeover. Now the EU competition authorities appear to have approved the purchase.
The decision was announced from Brussels on Thursday afternoon. Since there would be no negative consequences for the music streaming market, the iGroup is allowed to buy Shazam.
The purchase price is estimated at around 400 million dollars - making this one of the largest takeovers in Apple's history. The UK-based music recognition service has already worked very closely with Apple before. Siri's music search function was only made possible by Shazam. What exactly Apple's goals are with Shazam remains unknown for the time being.
