Apple reportedly close to buying Shazam for about $400 million

A decade ago, Apple's iPhone helped make a music-tech star out of Shazam, the app that, nearly like magic, could identify a song just by hearing a few seconds of it. Sources say the companies will announce the acquisition on Monday, December 11.

Investors in Shazam include Kleiner Perkins Caufield Byers, Institutional Venture Partners, DN Capital, Acacia Capital Partners, and Mexican billionaire Carlos Slim's America Movil, along with Universal Music Group, Sony Music Entertainment and Len Blavatnik's Access Industries (parent of Warner Music Group).

The company was last valued at over $1 billion, according to PitchBook, rendering Apple's purchase price of $400 million a significant discount.

In 2015, Shazam posted an annual loss of $22 million dollars.

Frosh Calls Concealed Carry Bill A 'Public Safety Disaster' In Making
Though Wednesday's vote in the House was largely along party lines, six Democrats crossed the aisle to back the bill. In addition, the bill would not make it any easier to buy a gun .

A lot of SHAZAM's offerings dovetails with what APPLE is already working on already. Last year, the company said that it had surpassed a billion mobile downloads and was used by "hundreds of millions of people each month".

It's uncertain what Apple plans to do with Shazam.

Founded in 1999 before officially launching in 2002, Shazam was one of the first services able to identify the name and artist of a song by listening to it through a user's phone. Shazam has bolstered its features since debuting on the App Store in 2008, now allowing users to identify content on TV, and adding augmented reality marketing for brands.

Apple and Shazam are yet to comment on the reports.

Related News:

  • Arizona Rep. Trent Franks expected to resign

    Arizona Rep. Trent Franks expected to resign

    Franks added, "I deeply regret that my discussion of this option and process in the workplace caused distress". Trent Franks (R-Ariz.) is set to resign "after asking female staffers to be a surrogate for his child".
    Salvation Army kettles raise $15400 so far

    Salvation Army kettles raise $15400 so far

    Fellow Salvation Army volunteer Terry Kettle has been a member for over 30 years and also pitches in to help out every year. Angels can be picked up at Patrick Henry Mall across from the Aeropostale store or local Walmarts.
    Melania Trump, Karen Pence visit Harvey relief efforts

    Melania Trump, Karen Pence visit Harvey relief efforts

    They will not be the Coastal Bend's first White House visitors since Hurricane Harvey. They will also see the family's new FEMA manufactured housing unit.
  • Mueller Says He'll Provide Manafort With 2000 'Hot' Documents

    Mueller Says He'll Provide Manafort With 2000 'Hot' Documents

    The lawyers also argued that the government's broad interpretation of the gag order "would unconstitutionally violate Mr. Kilimnik appears to be the person prosecutors referred to as "assessed to have ties" to Russian intelligence.
    Roy Moore Accuser Admits Altering Yearbook Note

    Roy Moore Accuser Admits Altering Yearbook Note

    Despite the allegations, Moore has continued to run for office, with support from Republicans, including President Donald Trump . Citing a handwriting expert retained by the campaign, he said that the signature had been forged from court documents.
    Trump says USA  government shutdown could happen, blames Democrats

    Trump says USA government shutdown could happen, blames Democrats

    House Minority Leader Nancy Pelosi said at a press conference on Thursday that it is one of the party's priorities. This time, the White House smoothed the waters by following up with a more peaceable, written statement.
  • Google Lets you Ask Questions From your Favorite Celebs About Them

    Google Lets you Ask Questions From your Favorite Celebs About Them

    Google says that the feature is initially being piloted on mobile with a handful of celebrities for now. Ferrell himself will now provide the answer via a selfie video, all within Google Search.
    With Trump, some African Americans to skip MS  event

    With Trump, some African Americans to skip MS event

    Many in Mississippi's African-American community had waited decades for a civil rights museum . We are kinder and more tolerant here in MS than I think perhaps other places.
    PlayerUnknown's Battlegrounds Reveals First Gameplay of Desert Map Miramar

    PlayerUnknown's Battlegrounds Reveals First Gameplay of Desert Map Miramar

    As the gameplay trailer revealed, there are a ton of hills, factories, townships and villages in the PUBG Miramar desert map. But according to PUBG Corporation, version 1.0 will also include modding tools for customizing the game.
  • Fire in San Diego County triggers evacuations

    Fire in San Diego County triggers evacuations

    The fire has ravaged trailer homes in a retirement community in Fallbrook and killed race horses at an elite training facility. Among the evacuated sites were Bonsall High School, Sullivan Middle School and all neighborhoods along West Lilac Road.
    Donald Trump Jr grilled in Russian probe

    Donald Trump Jr grilled in Russian probe

    In a statement to the Senate Judiciary Committee in September, Trump Jr said the meeting was less than half and hour long. This is silly. "Attorney-client privilege" shields conversations between attorneys and clients.
    Stanton In Pinstripes? Slugger Narrows List To Four Teams, Including Yankees

    Stanton In Pinstripes? Slugger Narrows List To Four Teams, Including Yankees

    If they were to trade Fowler, they'd expect the same in such a deal - they'd pay only a small part of it. Considering all their issues, including their obvious tax issue, there's no other way they do it.


Most liked

Galaxy Note 8 Android 8.0 Oreo Update Available Early
Due to this, even though it can be downloaded and installed, it's only really available for one version of the device (SM-M950U). Thanks to the feedback from beta testers, Samsung's fixed a ton of issues with Android Oreo ahead of the official release.

CNN's Big Scoop on Don Jr. - Wikileaks Email Collapses In Real Time
The centrality of time stamps to scandal coverage is a theme of recent major-media screw-ups on the Trump-Russia conflagration. But the biggest piece of the story, that Trump Jr. knew about the documents before others did, turned out to be false.

InterOcean Capital LLC Has $8.83 Million Holdings in Occidental Petroleum Corporation (OXY)
In recent trading day Occidental Petroleum Corporation (OXY ) stock showed the move of 0.20% with the closing price of $69.41. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

US B-1B bombers to fly over Korea in joint exercise
A pair of B-1Bs were deployed to South Korea in early November days ahead of President Donald Trump's regional trip. McMaster said at the weekend that the possibility of war with North Korea was "increasing every day".

Shohei Ohtani to sign with the Los Angeles Angels
Besides, Ohtani hasn't played the outfield regularly in three years, and pitching and hitting would be a lot to ask of his legs. The move gives the Mariners $2.55 million available to give the highly coveted Ohtani, while the Angels now have $2.315 million.

Jobless rate for Latinos drops to a record low
The data for demographic groups came from a survey of households that is part of the Labor Department's monthly jobs report. Average weekly hours on the other hand ticked higher, from 34.4 in the previous month to 34.5 (consensus: 34.4).

Disney's pursuit of Fox RSNs could be big boost for ESPN
Disney is in the midst of negotiations on a reported $60 billion deal to acquire studio and TV assets from 21st Century Fox . Those assets would offer the opportunity for both Comcast and Disney to broaden their worldwide distribution footprint.

Scientists Think They Found a 'Super Earth' Outside Our Solar System
The second planet is about the same size as its sister, but orbits closer to the star, likely making it too hot to be livable. The analysis of the radial velocity measurements also helped them discover another planet revolving around K2-18.

United States defense chief calls for deepening anti-terror cooperation with Pakistan
Pakistan is confident that the United States will amend its South Asia strategy announced by President Trump in August this year. En route to Pakistan Mattis told reporters he would not use pressure as a tactic, and insisted he would do "some listening".

Immigrant arrests, deportations increase in Colorado during first year of Trump presidency
No longer would they only arrest unauthorized immigrants who had committed serious crimes or had entered the country recently. But, "to take the 1,000 arrests a day to say that we're finished, it's not stating what the facts are".

Snow in the forecast for Southeast Louisiana
However, temperatures will go back below freezing rather quickly tomorrow night, and any lingering water on roads could freeze. Calcasieu, Cameron, Beauregard and Vernon parishes are not included in the current Winter Weather Advisory .

Far Cry 5 Delayed to Provide a "Higher Quality Experience"
When they do eventually arrive, we'll see both games launch for PlayStation 4, PlayStation 4 Pro, Xbox One, Xbox One X, and PC. Fans who have been anticipating the releases of Far Cry 5 and The Crew 2 will have to wait a little longer.

GOP tax plan is deeply unpopular, according to new Quinnipiac poll
Trump told reporters Tuesday that he views the tax plan as a "tremendous bill for jobs and for the middle class". President Donald Trump's approval rating sits at 35 percent, the poll found, down 3 points from November.

Google Brings Chrome Remote Desktop To Web Via Dedicated Portal
In the post, Google said that "approximately 1 percent of users on Windows, Mac and Linux actively use Chrome packaged apps ". Users of Google Chrome on Mac, Linus and Windows PCs will no longer be able to download and install Chrome Apps from now on.

Sophie Turner Just Confirmed The GoT News Nobody Wants To Hear
Weiss taking turns on directorial duties of the final six episodes , with the latter two helming the series finale. Star of the HBO drama Sophie Turner confirmed to Variety that the eighth and final season will premiere in 2019.