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Apple acquires Shazam music recognition app for $400 million

Apple acquires Shazam music recognition app for $400 million

Apple acquires Shazam music recognition app for $400 million

Apple acquires Shazam music recognition app for $400 millionApple acquires Shazam the well-known music recognition application for $400 million making it one of the organization’s most costly buys ever. The cost is far less from the UK-based application’s $1 billion valuations. The arrangement was first revealed by TechCrunch and later affirmed by Apple that Apple acquires Shazam. While Apple didn’t reveal why the organization obtained Shazam, it said the application is a “natural fit” for its music recognizing and streaming platform.”
Shazam is one of the highest rated applications on the app store and used and loved by a huge number of users

The report likewise said that Apple has been working for the deal from five months and came after When Shazam was in chats with others, including Snapchat and Spotify.

Shazam stated: We are excited to announce that Shazam has entered into an agreement to become part of Apple.

What is Shazam?

Apple acquires Shazam music recognition app for $400 million

Shazam is an application which lets users recognize music you are tuning in to. You should simply open the “Shazam” app and click on the big round button on the application and it will recognize the song it hears. Once the application recognizes the song, it will show all about the song name of the singer and much more. Shazam application can be downloaded from the Google Play Store and Apple App Store.

How famous is the Shazam application?

Shazam is one of the highest rated application and has been downloaded more than 1 billion times. In its previous days, Shazam was praised for its interesting concept.In 2015, Shazam was valued over $1 billion after receiving a $30 million investment from global investors. Shazam creates income by offering advertisements on its application now Apple acquires Shazam.

Why Apple acquires Shazam?

Apple has made some other acquisition also, such as purchasing Beats for $3 billion in 2014 which became the basis for Apple Music.

Apple has had a great connection with Shazam. The application integrates with Siri, the voice assistant powering Apple’s device. There’s likewise theory that Apple acquires Shazam because Shazam’s music recognition highlight may be added to Apple’s HomePod intelligent speakers. It could also be combined with Apple iTunes and Apple Music.

 

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