America Movil's Carlos Slim invests $40M in Shazam

América Móvil, the Latin American telecommunications provider led by Mexican magnate Carlos Slim, has invested $40 million in media discovery platform Shazam. The free Shazam mobile application is available for operating systems including Apple's (NASDAQ:AAPL) iOS and Google's (NASDAQ:GOOG) Android. Shazam recently eclipsed the 350 million worldwide user milestone, including 70 million monthly active users, and it adds another 2 million new global users each week. América Móvil has a presence in the U.S. market through its subsidiary TracFone. TracFone operates as an MVNO using AT&T (NYSE:T), Verizon, Sprint Nextel (NYSE:S) and T-Mobile US' (NYSE:TMUS) networks. Article