Apr 23, 2018

Europe launches probe into Apple, Shazam deal

Apple announced it was buying Shazam last year. Photo: Tomohiro Ohsumi/Getty Images

The European Commission's antitrust regulator said Monday it would deepen its investigation of Apple's proposed purchase of music-recognition app Shazam.

Why it matters: Valued at a reported $400 million, the Shazam deal isn't huge, but on the bigger side for Apple, which tends to make mostly smaller acquisitions. The extra scrutiny demonstrates how Europe has started to view data as a key asset when it comes to approving deals.

The details:

  • The European regulators said they are concerned that Apple could use data gathered by Shazam against competitors of its Apple Music streaming service. Rival streaming services have previously raised concerns that Apple was stacking the deck against them.
  • EU competition commissioner Margarethe Vestager said the investigation "aims to ensure that music fans will continue to enjoy attractive music streaming offers and won't face less choice as a result of this proposed merger."
  • The European commission says it has until early September to rule on the deal.

Go deeper

Biden bets it all on South Carolina

Illustration: Eniola Odetunde/Axios

COLUMBIA, S.C. — Most Joe Biden admirers Axios interviewed in South Carolina, where he's vowed to win today's primary, said they're unfazed by his embarrassing losses in Iowa, New Hampshire and Nevada.

Why it matters: Biden has bet it all on South Carolina to position himself as the best alternative to Bernie Sanders — his "good buddy," he tells voters before skewering Sanders' record and ideas.

Coronavirus updates: Market ends worst week since financial crisis

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The stock market ended its worst week since the financial crisis, prompting the Fed to release a statement. Meanwhile, the WHO warned that countries are losing their chance to contain the novel coronavirus and raised its global risk assessment to "very high" Friday.

The big picture: COVID-19 has killed more than 2,860 people and infected more than 84,000 others in over 60 countries and territories outside the epicenter in mainland China. The number of new cases reported outside China now exceed those inside the country.

Go deeperArrowUpdated 12 hours ago - Health

California coronavirus: Latest case has no recent history of international travel

Gov. Gavin Newsom. Photo: Kevork Djansezian/Getty Images

A new case of the novel coronavirus in California was announced on Friday after Gov. Gavin Newsom said Thursday that 33 people had tested positive for the virus, noting the risk to the public remains low.

What's new: An adult woman with chronic health conditions in Santa Clara County who "did not recently travel overseas" or come into contact with anyone known to be ill was confirmed to have contracted the coronavirus on Friday by CDC and California Department of Public Health officials.

Go deeperArrowUpdated 13 hours ago - Health