2017 Acquisitions App Apple News

Apple confirms its acquiring Shazam

Apple announced they’re acquiring the popular song identifying app, Shazam, following a report last week from TechCrunch.

Here’s the statement that Apple provided TechCrunch:

“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 didn’t say how much they acquired Shazam for but sources tell TechCrunch that it was close to $400 million.

It was also reported that Shazam was previously in talks with both Snap Inc and Spotify.

Shazam’s basic premise is music recognition, people use their app to record a clip of music that is being played and it’ll be matched to Shazam’s database to tell you what you’re listening to. The company’s app has been downloaded over 1 billion times.

Here’s the statement that Shazam shared with TechCrunch:

“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.”

At this point, it’s unknown what Apple plans to do with Shazam, Apple could be planning to integrate Shazam’s technology with Apple Music in some way.

Source: TechCrunch

By Sachin Bahal

Sachin is the editor-in-chief of TheCanadianTechie, a site he started in 2012 to become the ultimate, independent source for tech enthusiasts or “techies”. He is a versatile writer with a passion for technology and loves to write about gaming, entertainment, tech and more.

One reply on “Apple confirms its acquiring Shazam”

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