Apple is buying audio recognition app Shazam

Apple is reportedly buying Shazam, a music recognition app last valued at $1 billion

AAPL Stock Rebounds After Apple Buying Shazam Report

Apple is close to nailing down a deal to buy media-recognition app maker Shazam Entertainment, according to a TechCrunch report Friday.

We have heard that the deal is being signed this week, and will be announced on Monday, although that could always change.

Shazam - which allows users to quickly identify songs, films, TV shows or commercials - has been an essential app since the dawn of the smartphone era. Launched in 2008, Shazam is used more than 20 million times a day.

25 people, including children, injured in Israeli air strikes on Gaza
He added that his administration would begin a process of moving the United States embassy in Tel Aviv to Jerusalem. In Gaza city, the streets are scattered with the flags of Israel and the rejection to the decision of U.S.

As for what Apple might do with Shazam, there are a number of possibilities. There's also a My Shazam tab in the app to see a list of all your songs, integrated directly with Apple services including iTunes and Apple Music, as well as Spotify. It could be a done deal or Apple could have called Shazam's people up yesterday.

Shazam is a veteran of the first dotcom boom, dating back to 1999.

Shazam is now one of the App Store's most popular downloads and is integrated into Apple's Siri voice assistant.

Peru skipper Paolo Guerrero banned for one year after failing drugs test
For a start Guerrero is Peru's all-time top goalscorer with 32 goals in 86 global appearances. His ban applies to all worldwide , domestic and official friendly fixtures.

The report suggests that the deal will be a "nine-figure" acquisition, with one source suggesting that Shazam will go for £300m (circa $400m).

Apple usually focuses on acquiring smaller companies but has made one major acquisition in 2014 - Beats Electronics for $3 billion.

Kevin Spacey reportedly groped Norwegian royal at Nobel Peace Prize concert

Latest News