Apple buys music app Shazam ‘for £300million’

Apple buys music app Shazam 'for £300million'
Apple has just bought Shazam (Picture: Getty Images)

Apple has just bought music app Shazam.

The tech giant reached an agreement to acquire the UK based company earlier today but it did not confirm how much it had paid for it.

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Technology news website TechCrunch reported the deal was worth as much as $400 million (£300m), far short of the most recent $1 billion (£750m) valuation for privately held Shazam.

Apple said the app, which allows lets users find the name of songs by pointing a phone at the audio, would be ‘a natural fit’ with its music service.

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Apple Music has 27 million users and competes against Spotify, which has 60 million users.

Apple spokesman Tom Neumayr said Shazam ‘is used by hundreds of millions of people around the world, across multiple platforms.

‘We have exciting plans in store, and we look forward to combining with Shazam upon approval of today’s agreement’.

More: Apple

Apple buys music app Shazam 'for £300million'
Shazam’s employees will be joining Apple

Apple has to wait for regulatory approval before it makes major changes to the app.

It did not confirm if the app would still be available on Android-based devices in the future.

Shazam’s team will be joining the Cupertino company.

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The post Apple buys music app Shazam ‘for £300million’ appeared first on News Wire Now.

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