News You might have missed: Week of December 15th, 2017

on December 15, 2017
Reading Time: 4 minutes

Apple Acquires Shazam

After TechCrunch first broke the story last Friday, Apple confirmed on Monday the acquisition of UK based Shazam. Apple said:

“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 did not disclose the price but we have several sources that have confirmed to us that the deal is in the region of $400 million.

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