In 2016, Shazam had about $54 million in revenue and $4.9 million in net losses, according to public filings in Britain, where the company is based.
Built by Shazam Entertainment Ltd, a British app development company, Shazam is used by hundreds of millions of people each month to instantly identify music that's playing and see what others are discovering.
Apple's offer for Shazam is significantly lower than the most recent valuation of the company of around $1 billion (in 2015).
Some flights cancelled from United Kingdom to Ireland due to snow
Four British Airways flights headed for Heathrow had to be diverted to Newcastle, 300 miles away. Heathrow Airport is among the airports where flights have been cancelled or delayed.
Reuters/Yuya ShinoApple is reportedly acquiring Shazam. Now we have a new scenario involving Apple and Shazam.
If the acquisition gets finalized, Apple may be looking to integrate Shazam's features into its operating system, iOS. Furthermore, even though Snap (Snapchat) also approached Shazam about a deal, Apple's offer must have been the most attractive.
Jets suffer historically inept loss, could be losing control of season
But for one afternoon, a Broncos team reeling from the same frustrations and losses got the one change it needed most: a win. The Jets entered the game with a 5-7 record that had exceeded expectations.
With Google planning to start its own Music subscription service, Apple is stepping up its game. In comparison, Spotify has over 60 million paying users and 140 million users overall.
Launched in 1999 as an SMS code service, Shazam reportedly made United States $54 million in revenues in the fiscal year 2016. The company could also make use of Shazam's augmented reality technology that lets you scan real life items such as magazines, books, posters and such, to launch 3D animations, product visualisations and 36-degree videos.
Seahawks' Quinton Jefferson tries to climb into stands after fans throw drink
Seattle leads the league in penalties with 9.5 per game, and it was an unfortunate way for an otherwise competitive game to end. Jefferson climbed up the railing and attempted to go into the stands to confront the fan.