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Apple Is Reportedly Buying Shazam

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Apple is reportedly buying music recognition app Shazam, a move that could allow it to integrate an important feature into its line of smartphones at a time when the iPhone's innovation crown is under threat from Google and Samsung. The deal is expected to be signed this week. Apple is paying $400 million for Shazam. That price is lower than Shazam's most recent post-money valuation of $1.02 billion. The Shazam app allows users to identify the music that's playing nearby, such as a song in a restaurant or cafe. Google recently incorporated similar technology into its high-end Pixel 2 smartphone.

Added on the 08/12/2017 17:07:03 - Copyright : Wochit

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