August 22, 2018 BRUSSELS (Reuters) - Foo Yun Chee of Reuters writes: Apple (AAPL.O) is set to win unconditional EU antitrust approval for its planned acquisition of British music discovery app Shazam, two people familiar with the matter said on Wednesday.
The deal, announced in December last year, would help the iPhone maker better compete with Spotify (SPOT.N), the industry leader in music streaming services. Shazam identifies songs when a smartphone is pointed at an audio source.
The European Commission opened a full-scale investigation into the deal in April, emblematic of its recent worries that companies may buy a data-rich rival to mine it for information or drive others out of the market.
The EU antitrust authority said it was concerned that the Shazam deal might give Apple an unfair advantage in poaching users from its rivals. More...