Apple Inc. Confirms Deal to Acquire Shazam

By Katyuna69 [CC BY-SA 4.0] via Wikimedia Commons

Apple has just announced that it is acquiring Shazam, a music-identifying service.

The app, which generates “acoustic fingerprints” of music when prompted by users and then returns song information and links to listen or buy, has been downloaded over a billion times.

According to reports in the United States, the deal is worth roughly around $400 million (£300 million).

In a statement, Apple stated: “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.

“Today, it’s used by hundreds of millions of people around the world, across multiple platforms.

“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, and we look forward to combining with Shazam upon approval of today’s agreement.”

Apple already has a huge music business which includes its Apple Music streaming service and iTunes store.

In 2014, the tech giant also acquired Beats Electronics, an audio hardware manufacturer, and streaming service, for $3 billion.

Shazam said in a statement: “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.”

Read also: Apple Set to Take Over London Startup Shazam for a Reported £300m