Apple buys music start-up to aid targeting content

Asaii can help Apple compete with Spotify Technology’s efforts to work directly with smaller artists

FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1, 2018.  REUTERS/Lucas Jackson/File Photo
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Apple has acquired music analytics start-up Asaii, Axios reported on Sunday, citing sources, in a bid to strengthen content recommendations to its music users.

Apple’s deal to buy Asaii was worth less than $100 million, Axios reported.

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Asaii can help Apple compete with Spotify Technology’s efforts to work directly with smaller artists, like a music label, the report added.

Last month, Apple completed the acquisition of music discovery app Shazam, a deal to help it better compete with Spotify, the industry leader in music streaming services.

Apple and Asaii were not immediately available for comment outside regular business hours.