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    Tech: It’s official: Apple is buying Shazam (AAPL)

    Apple has bought Shazam, the popular music-recognition app and augmented reality service. Apple has bought Shazam, the popular music-recognition app and augmented reality service.
    Shazam and Apple both confirmed the purchase on Monday morning. “We are thrilled that Shazam and its talented team will be joining Apple,” an Apple spokesperson told Business Insider.
    “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,” he continued.
    A price was not included in the announcement, but a person familiar with the deal told Business Insider on Friday that it was $400 million, significantly less than the company’s last valuation of over $1 billion, although that price was said to be a “bit artificial” due to later investors receiving a liquidation preference.

    …..Full News from source

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