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Europe launches probe into Apple, Shazam deal

The Apple logo hangs in a store
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.