Apple Might Be About To Buy Shazam

Justin Sullivan  Getty

Justin Sullivan Getty

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).

Overnight flurries will give way to Winter Storm Watch on Monday
Heavy lake effect snow is possible, and travel conditions may be hard due to poor visibility and deep snow cover on the roads. High pressure moves in by midday Monday, bringing an end to this first round of lake-effect.

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.

If the acquisition goes ahead it will be the biggest music acquisition Apple has added to its repertoire since it bought Dr Dre's Beats Electronics in 2014 for $3bn.

Ben Duckett suspended for England Lions' remaining matches in Australia
The allrounder said: "Trevor Bayliss, Andrew Strauss and all the guys who get most of the flak for it, you feel for them". When the match was called a draw late in the day, CA XI had reached 269 for eight from 36.5 overs.

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.

Trump to make medical exam public after slurring words, White House says
This year's event came one day after the formal Jerusalem recognition and Trump directed the State Department to prepare for moving the U.S.

Latest News