Friday, 26 February, 2021


European Union launches probe of Apple's takeover of digital app Shazam

Apple Shazam Companies EU Launches Investigation into Apple’s Takeover of Shazam
Kristine Garrett | 23 April, 2018, 21:42

Apple's acquisition of music recognition service Shazam, a deal reportedly worth $400 million, could be at risk after European Union antitrust regulators announced Monday that they've opened a probe into the deal.

Apple revealed in December that it was snapping up the song recognition tool in a deal reportedly worth $400m.

United Kingdom -based Shazam is best known for an eponymous app that listens to an environment's music and identifies tracks based on matching snippets against an extensive audio database. The deal serves multiple purposes for Apple beyond hooks into services such as Apple Music. "As a result, competing music streaming services could be put at a competitive disadvantage".

That was because by owning Shazam, Apple would obtain commercially sensitive data about customers of those rivals, according to the EC's initial findings.

The Commission is also concerned referrals to other streaming music providers via Shazam would come to an end after the merger with Apple.

The European Commission sets a September 4 deadline for deciding whether Apple's (NASDAQ:AAPL) acquisition of Shazam clears antitrust concerns.

Digital services are increasingly important to Apple as iPhone sales slow.

Recommended

loading...
...
  • Nike (NKE) Getting Somewhat Positive Media Coverage, Report Shows

    Guggenheim reissued a "buy" rating and issued a $78.00 price target on shares of Nike in a research report on Friday, March 23rd. This organization's stock showed a trading volume of 10.3 million shares, compared to its average daily volume of 8.08M shares.
    36 tourists, most from China, killed in bus accident in North Korea

    36 tourists, most from China, killed in bus accident in North Korea

    Chinese diplomats have rushed to the scene of Sunday's accident in North Hwanghae province, the foreign ministry said. At least 32 Chinese tourists have died after a bus crash in North Korea , officials in Beijing have said.

    Deutsche Bank AG Sells 178543 Shares of Third Point Reinsurance (NYSE:TPRE)

    Glacier Peak Capital LLC bought a new position in shares of Third Point Reinsurance during the 4th quarter valued at $184,000. The stock of Third Point Reinsurance Ltd. (NYSE:TPRE) earned "Buy" rating by Keefe Bruyette & Woods on Tuesday, October 10.
  • First 'Crazy Rich Asians' trailer brings the bling - and fans are thrilled

    First 'Crazy Rich Asians' trailer brings the bling - and fans are thrilled

    Kwan's book follows Rachel Chu, an American-Chinese woman, as she visits her boyfriend's hometown of Singapore for a wedding. Unbeknownst to her, Nick's family is rich, insane rich, and she's thrust into a world that reaches new heights of opulence.
    Browns GM drops hint about potentially drafting Josh Allen at No. 1

    Browns GM drops hint about potentially drafting Josh Allen at No. 1

    Allen also fully participated at the NFL Combine, including the throwing session, which Southern California's Sam Darnold skipped. They'll be closely watching to see how the dominoes fall with the quarterbacks with the five teams picking in front of them.
    Cambridge Analytica researcher fires back at Facebook

    Cambridge Analytica researcher fires back at Facebook

    Cambridge Analytica has said it was told that Kogan's app complied with Facebook's own rules. The company has also said that none of the information was used in its work for the election.
  • President Ram Nath Kovind approves a new provision for Child rape

    President Ram Nath Kovind approves a new provision for Child rape

     In case of gang-rape of a girl below the age of 12, the punishment will be- death penalty or life imprisonment. The National Crime Records Bureau will maintain a national database and profile of sexual offenders.
    Fire breaks out at Almas Tower in Dubai

    Fire breaks out at Almas Tower in Dubai

    On Sunday, residents were swiftly evacuated from the Almas tower in JLT after plumes of smoke were seen billowing from the top. Lieutenant Colonel Firas Balhasa praised the heroic work of Civil Defence personnel in dealing with the incident.
    Coaching Centre's defy Govt ban, vow to resume classes from tomorrow

    Coaching Centre's defy Govt ban, vow to resume classes from tomorrow

    He warned that if the present situation continued the state government would be forced to close down educational institutions. He said that parents have been sending their children to tuition centres because they of the quality education they provide.
  • Darwin Project Goes Free To Play On Steam & Xbox One

    Darwin Project Goes Free To Play On Steam & Xbox One

    The Darwin Project joins the ranks of Fortnite and PlayerUnknown's Battlegrounds as a battle royale title. If you already bought the Early Access title, you'll get a Founder's Pack with a slew of cosmetic items.

    Imperial Oil (NYSEAMERICAN:IMO) Research Coverage Started at Bank of America

    After $0.52 EPS was published last quarter, analysts now see negative EPS growth of -11.54 % for Imperial Oil Limited. Five research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock.

    Vulcan Materials (VMC) Expected to Post Earnings of $0.26 Per Share

    Also, the number of investment managers holding Vulcan Materials Co in top ten holdings was flat from 8 to 8 for the same number. Vulcan Materials Company (VMC ) ticked a yearly performance of 1.27% while year-to-date (YTD) performance stood at -7.78%.

Wells Fargo (WFC) Shares Bought by Martingale Asset Management LP This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Following the acquisition, the director now directly owns 81 shares of the company's stock, valued at approximately $4,534.38.

Kamunting Street Capital Management LP Decreased Stake in Amazon Com INC Kamunting Street Capital Management LP Decreased Stake in Amazon Com INC It also upped Citigroup Inc (NYSE:C) stake by 20,520 shares and now owns 40,819 shares. (NYSE:RHT) rating on Friday, December 18. It increased, as 34 investors sold DY shares while 109 reduced holdings. 47 funds opened positions while 97 raised stakes.

Job listing promises FF7 Remake will "surpass the original" Job listing promises FF7 Remake will Final Fantasy VII Remake is one of the most hotly anticipated games out there right now - and Square Enix is aware of that. Final Fantasy 7 Remake does not now have a release date, but is in development for PlayStation 4.

Trump's secretary of state nominee faces rare opposition from Senate panel Trump's secretary of state nominee faces rare opposition from Senate panel According to the newspaper, all of the Democrats on the committee have said they will oppose his nomination. ET vote, the nomination will not have enough support to be reported favorably to the full Senate.

Photo captures 4 former presidents, 4 first ladies at Barbara Bush's funeral Photo captures 4 former presidents, 4 first ladies at Barbara Bush's funeral Denk said Barbara then went on in her deadpan way, "My husband won't talk to me because he won't take his nose out of the book". She said she chatted with her about spaniels, and why some have bobbed tails, and some do not, several years ago.

NFL Draft rumors: Mike Mayock loves Sam Darnold NFL Draft rumors: Mike Mayock loves Sam Darnold I talked to each one of them on the side at the [ NFL scouting] combine, I know what they are as people. So I think knowing (Vikings general manager Rick Spielman), he's going to sit there and wait.

Nawaz accuses Pak CJP of imposing judicial martial law Nawaz accuses Pak CJP of imposing judicial martial law "I also apologise to the chief justice but he should not deliver such statements either", Shah said. Zia has earlier recorded his statement and been cross-examined in the Avenfield reference.

Amazon's Secretive "Vesta" Program is Reportedly Building Home Robots Amazon's Secretive Still, if you live alone, the Amazon robot might be company for you, it's an intriguing idea and we'd love to see how it pans out. Amazon looks to have this robot ready to go quickly, hoping to have it up and running in employees' homes before the end of 2018.

Kuwait summons Philippines envoy over offensive remarks, diplomatic violations Kuwait summons Philippines envoy over offensive remarks, diplomatic violations Duterte in January complained that cases of abuse reported by Filipina domestic workers "always" seem to be coming from Kuwait. That came after the body of Joanna Demafelis, a maid from the Philippines, was found stuffed into a freezer in Kuwait City .

YouTube user fined for posting video of pet dog giving Nazi salutes YouTube user fined for posting video of pet dog giving Nazi salutes Speaking after sentencing, Meechan said the decision had created a "dangerous" precedent for freedom of speech. Also present was Tommy Robinson, ex-leader of the far-right English Defence League.

Kanye West Announces New Nas Album Kanye West Announces New Nas Album As well as his own tracks and a collab with Kid Cudi , Yeezy revealed he's also producing upcoming releases for Pusha T and Teyana Taylor .

WikiLeaks Claims Cryptocurrency Exchange Shut Down Its Bitcoin Account WikiLeaks Claims Cryptocurrency Exchange Shut Down Its Bitcoin Account Coinbase has shut down for the WikiLeaks shop because of the violations of its Terms of Service. Users can pay for their items with a credit card, or via a variety of cryptocurrencies .

Mom Arrested For Allegedly Setting Car On Fire With Her Kids Inside Mom Arrested For Allegedly Setting Car On Fire With Her Kids Inside Ana Ester Segovia allegedly set fire to a vehicle with her three daughters inside while at a auto wash in Houston on April 22. The kiddies were unharmed from the incident and authorities are discovering exactly what charges to document.

New details revealed about Netflix's The Witcher TV series New details revealed about Netflix's The Witcher TV series With the pilot script now having been finalized, it seems news about the cast of this Netflix show will soon start pouring in. And while she did give 2020 as a possible release timeframe, she followed this date with "who knows".

Michael Jackson's Moonwalk Shoes Going Up For Auction Michael Jackson's Moonwalk Shoes Going Up For Auction The auction house has a starting bid of $10,000 for the shoes, which are still in wonderful condition, according to GWS. Lightweight leather shoes that had belonged to the famous musician, has never been put up for auction.