Apple beats Snapchat, Spotify to acquire Shazam
In keeping with its plan to expand the company's music business, Apple confirmed that it is acquiring popular music recognition app Shazam beating Snapchat and Spotify. It has come to an agreement with the London-based service late on Monday, Tech Crunch reported. "We are thrilled that Shazam and its talented team will be joining Apple. Since the launch of the App Store, Shazam has consistently ranked as one of the most popular apps for iOS," Apple was quoted as saying "We have exciting plans in store, and we look forward to combining with Shazam upon approval of today's agreement," the iPhone maker added. Last week it was reported that Apple struck a deal with Shazam for a likely sum of nearly $400 million. Shazam recognises music. Shazam, that reports over one billion downloads, also lets users identify any, TV show, film or advert in a jiffy, by listening to an audio clip or a visual fragment. Meanwhile, Shazam said: "We are excited to announce that Shazam has entered into an agreement to become part of Apple. "Shazam is one of the highest rated apps in the world and loved by hundreds of millions of users and we can't imagine a better home for Shazam to enable us to continue innovating and delivering magic for our users." -PTC News
