Mexican Billionaire Carlos Sim Invests $40 Million in Shazam

Mexican Billionaire Carlos Sim Invests $40 Million in Shazam
This post was published on the now-closed HuffPost Contributor platform. Contributors control their own work and posted freely to our site. If you need to flag this entry as abusive, send us an email.

Carlos Slim, the Mexican billionaire, has made a $40 million investment in Shazam, the U.K.-based software company, Reuters reported earlier today. The company identifies music and television programming via the microphone on a mobile device and displays related information on an App. It has been growing quickly with broadcasters and advertisers seeing to be part of the so-called "second screen."

Last month at the Cannes Lions festival, I spoke with news appointed Shazam CEO Rich Riley about the company's growth in television and it's plans to become a music portal. We republished that interview with today's news.

Popular in the Community

Close

What's Hot