Apple plans to buy a music recognition service Shazam


Apple plans to strengthen its position in the music services market by buying Shazam. This was told by TechCrunch with reference to its own sources. According to these data, the agreement was even signed this week, and will officially be announced on Monday. The transaction amount is estimated at $ 401 million, although the company’s assets were previously valued at $ 1.02 billion. Recall that the Shazam service helps to recognize a musical or visual fragment, get all the necessary information about it, and then listen to it in popular music services, including Apple Music. In September 2016, Shazam boasted 1 billion downloads. How Apple plans to use the resources of Shazam, is still unknown. We are waiting for an official statement and / or comments from both sides.


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