"Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users". It did not disclose the price-tag for the deal but sources suggest it's paying in the region of $400 million. Apple applied for regulatory clearance in Austria, where the transaction meets the national merger notification threshold.
The company's planned takeover of Shazam would be its largest since the acquisition of Beats for $3bn in 2014, the company that formed the basis of Apple's music-streaming service and line of headphones and accessories.
Laser technology reveals undiscovered Mayan ruins below Guatemalan jungle
A series of LiDAR surveys has revealed some 60,000 ancient Mayan structures hiding under the jungle canopy in Guatemala. The discovery was made with the use of LiDAR laser technology to disseminate ancient Mayan cities in Central America.
Shujaa's run at Hamilton sevens comes to an end
England finished second in their pool on day one, following some impressive attacking rugby in their opening two fixtures. England moved on to the fifth place semi-final against and Ollie Lindsay-Hague put them ahead inside the first minute.
TDP now takes its protest to Parliament
These are important issues and I am sure going forward we will be able to solve it because none of us want to break the alliance. The TDP Ministers in Narendra Modi cabinet - P Ashok Gajapathi Raju and YS Chowdary, however, remained away from the protest.
The tech giant will need to formally ask for European Commission approval after Brussels revealed it would example the deal following requests from seven countries. Whether or not this will affect the deal remains to be seen, but then again regulators investigating acquisitions that could result in a monopoly or anti-competitive behavior isn't new and is sometimes to be expected. Shazam has only recently become profitable, though, after partnering with Apple Music and Spotify, so users can listen to the entirety or the tracks directly, and even buy a single or album if they like what they hear. Seven member countries - Austria, France, Iceland, Italy, Norway, Spain and Sweden - requested that the EC take a look at the deal.
The Commission has also concluded that it is the best-placed authority to deal with the potential cross-border effects of the transaction and will now ask Apple to notify the transaction.
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