Apple on Monday confirmed its acquisition of music recognition app Shazam, saying it is “thrilled” to be gaining one of many constantly hottest apps in its App Retailer.
“Apple Music and Shazam are a pure match, sharing a ardour for music discovery and delivering nice music experiences to our customers,” the corporate mentioned in an announcement. “We have now thrilling plans in retailer, and we stay up for combining with Shazam upon approval of right now’s settlement.”
The corporate did not disclose monetary particulars, equivalent to a purchase order value. Final week, TechCrunch reported Apple was shut to purchasing Shazam for an quantity within the lots of of tens of millions; one unnamed individual pegged the acquisition value at about £300 million, or roughly $401 million.
Apple’s proclamation of the Shazam deal is atypical for a corporation that retains most of its takeovers hush-hush. Although it pales as compared with the corporate’s, the Shazam transfer can also be a part of Apple’s push to beef up its providers like Apple Music, which has lengthy performed in attracting subscribers.
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