Date: 9 months ago   Category: IT & Media

Apple has finished the transaction on acquisition of the Shazam — Rambler News Service service


The Apple company has finished the transaction on acquisition of service for recognition of musical compositions of Shazam, it is said in the statement of Apple. "Apple and Shazam have a long joint story. Shazam was one of the first applications available in App Store at the time of his start and became the favourite application of musical fans worldwide. We are very glad to unite our teams with the general love to music and innovations to give to users even more opportunities to open, perceive and enjoy music" — words of the vice-president of Apple responsible for Music Apple, Oliver Shusser are cited in the message. In the message of the company it is noted that for all the time of existence Shazam, the application has been downloaded more than 1 billion times. In December, 2017 Apple has confirmed to the The Verge edition information on purchase of Shazam. With reference to sources I reported about the transaction to TechCrunch. According to one of interlocutors of the portal, the cost of the transaction is about 300 million pounds sterling ($401 million). In February, 2018 the European Commission has begun verification of the transaction within which Apple has acquired service of recognition of music Shazam. The commission has considered the transaction potentially "adverse" for the competition. Investigation is initiated by Austria, France, Iceland, Italy, Norway, Spain and Sweden. Apple has acquired the British service of recognition of music Shazam in December, 2017. On September 6 the European Commission has approved the transaction.

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