America Movil acquires 10.8% stake in Shazam

Tuesday 9 July 2013 | 06:37 CET | News
America Movil has acquired a 10.8 percent stake in media engagement company Shazam. America Movil and Shazam have also entered into a strategic alliance for a business development in the Americas. Shazam earlier announced it secured funding amounting to EUR 40 million from America Movil. Shazam will use the funds to boost its growth in music, expansion into television and the development of new products.

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Categories: Mobile & Wireless
Companies: America Movil / Shazam
Countries: Latin America / World
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