77612
Apple to Acquire Music Identification App Shazam
Apple to Acquire Music Identification App Shazam

Apple to Acquire Music Identification App Shazam

Apple to Acquire Music Identification App Shazam

Apple Inc is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation.
Shazam’s smartphone app is already tightly integrated with Apple’s Siri digital assistant. Users of Apple’s iPhone with the Shazam app installed can say: “Hey Siri, what’s that song?” and the app will identify it. But Shazam has other features, such as the ability to identify television shows that do not yet work with Siri, Reuters reported.
Tech news website TechCrunch reported the talks, writing that Apple could pay about $400 million for Shazam and that a deal could be signed as early as next week. Shazam did not respond to a request for comment.
Privately-held, UK-based Shazam has raised $143 million from DN Capital Limited, Institutional Venture Partners, and Kleiner Perkins Caufield & Byers, among others, over its 18-year history, according to PitchBook, a firm that tracks private venture investments.
The price TechCrunch reported would fall far below Shazam’s most recent $1 billion valuation reported by PitchBook.
An acquisition of Shazam could help bolster Apple’s music efforts by making it easier for users to find songs and add them to playlists in its Apple Music service. As of mid-2017, Apple Music had 27 million subscribers, behind rival music streaming service Spotify’s 60 million users.

 

Short URL : https://goo.gl/6ixU6P
  1. https://goo.gl/GCwJ83
  • https://goo.gl/XtUieK
  • https://goo.gl/SvRu5M
  • https://goo.gl/M6wz89
  • https://goo.gl/yH5fty

You can also read ...

Iran, India Reinforce Economic Ties With Chabahar Deal
The development of the strategic Chabahar Port is becoming a...
Banks, Petrochems Dominate List of Iran’s Largest Companies
Iran’s Industrial Management Institute released on Sunday the...
3rd Turkish Border Gate With Iran to Operate 24/7
Turkey is working to keep a third border gate with Iran open...
The forex volatility had caused widespread concerns among the public and investors .
After weeks of wild rallying, the US dollar has lost its...
MPs Weigh FATF’s Impending Decision
As the 700 delegates from 203 jurisdictions of the Financial...
Tehran Housing Construction Permits Rise in H1
The number of residential construction permits issued in...
New US Probe May Dim Boeing Deal Prospects
An Iranian airline under sanctions by the US for ferrying...
Insurance E-Marketing Rules Notified
The Central Insurance of Iran has published rules to regulate...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus