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America Movil Invests $40 Million in Music App Shazam

Shazam Entertainment Ltd., the U.K. maker of the song-identification application for mobile devices, has been tagged by the world’s second-richest man.

Billionaire Carlos Slim’s America Movil SAB has invested $40 million in the London-based company behind the software with more than 70 million active users every month. The deal includes an agreement to pre-install Shazam on mobile phones sold in Latin America, Chairman Andrew Fisher said in an interview.