A PYMNTS Company

US: Apple beats all for Shazam

By  |  December 11, 2017

Apple confirmed Monday, December 11, it is buying Shazam, a music recognition service that became an early favorite application of the smartphone era.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Terms of the deal were not immediately disclosed. TechCrunch, which was first to report the acquisition talks last week, pegged the price at around US$400 million.

    “We are thrilled that Shazam and its talented team will be joining Apple,” a spokesperson for Apple said in a statement. “Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users. We have exciting plans in store.”

    At US$400 million, Shazam would be one of Apple’s largest acquisitions ever. Apple bought Beats Electronics for US$3 billion in 2014 to kickstart its music streaming business and bought NeXT for about US$400 million in 1996, bringing back former CEO Steve Jobs.

    Full Content: Tech Crunch

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.