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Shazam Gets $40 Million From Carlos Slim

  • Reuters, Monday, July 8, 2013 8 AM

Smartphone app developer Shazam is getting $40 million to back the development of the start-up best known as a digital ear that can identify songs. The move is surprising for 73-year-old Slim, who built his company America Movil in a more staid sector, namely the highly regulated telecommunications and TV business in Latin America.

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