It appears that the smartphone music app Shazam is headed toward greener pastures.
The company has just received $40 million in backing from Mexican billionaire Carlos Slim, according to Reuters. Apparently, Shazam plans to use the funding to continue to build out the TV portion of the app.
"Shazam is defining a new category of media engagement that combines the power of mobile with traditional broadcast media and advertising," Slim said in a statement, according to Reuters. With the new investment from Slim, Shazam's total funding since 2009 comes to $72 million.
Shazam, which has 350 million … Read more