Smartphone app developer Shazam has found an unlikely ally in the form of Carlos Slim, one of the world’s richest men, who is investing US$40 million to back the development of the start-up best known for helping music fans identify catchy 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.
via Business feed http://www.scmp.com/business/companies/article/1277806/app-developer-shazam-gets-us40m-backing-tycoon-carlos-slim
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