The deal, announced in December last year, would help the iPhone
maker better compete with Spotify, the industry leader in music
streaming services. Shazam identifies songs when a smartphone is
pointed at an audio source.
"After thoroughly analyzing Shazam's user and music data, we
found that their acquisition by Apple would not reduce
competition in the digital music streaming market," EU
competition commissioner Margrethe Vestager said in a statement.
"Data is key in the digital economy. We must therefore carefully
review transactions which lead to the acquisition of important
sets of data, including potentially commercially sensitive
ones," she added.
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.
Reuters last month reported sources saying that Apple was set to
win unconditional EU antitrust approval for the deal following
the probe requested by seven European countries including
France, Italy, Spain and Sweden.
(Reporting by Alissa de Carbonnel; Editing by Alastair
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