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US: Apple beats all for Shazam

 |  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.

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

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