Apple has completed the process of acquiring Shazam, the popular music identification app. The deal closed at $400 million. With the deal, Apple also made the promise to users to make the app ad-free.
Shazam rose to popularity for its ability to identify songs playing in the background. This includes songs that may be playing on your radio, in a bar, or anywhere around you. The app only needs to listen to a fragment of the song. It can then provide you the name of the song, the artist and even the lyrics.
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Over the years, Shazam added a host of other features such as the ability to identify [...]
Last week, it was reported that Apple was on the verge of acquiring of Shazam. On the 11th of December, Apple confirmed the acquisition of the popular music recognition app, Shazam. While neither of the concerned companies disclosed the value of the deal, a report by TechCrunch claims that the deal is worth US $400 million and that Snap and Spotify were potential buyers as well.
Acknowledging the acquisition, Apple said in a statement:
We are thrilled that Shazam and its talented team will be joining Apple. Since the launch of the App Store, Shazam has consistently ranked as one of the most popular apps for iOS. We have exciting plans in store, and we look [...]
A new report claims that Apple is nearing a deal to buy the song identification app, Shazam, which could be on announced on the 13th of December.
One source describes the deal as in the nine figures; another puts it at around £300 million ($401 million). We are still asking around. Notably, though, the numbers we’ve heard are lower than the $1.02 billion (according to PitchBook) post-money valuation the company had in its last funding round, in 2015.
Shazam was founded in 1999 and has long been one of the most popular song identification apps on all platforms. Shazam announced last year that it had reached one billion downloads on smartphones. But, only recently did it [...]
Shazam, the popular music app that identifies what song is playing on any other medium, is about to update a new feature that will make it more than a magical blue button. At a TriBeCa event on Monday, Shazam has announced a new feature where you can follow your favorite artists and see what they are Shazaming. Pretty cool!
Daniel Danker, Chief Product Officer, Shazam, said
We want Shazam to continue to serve as a destination for music fans, increasingly becoming the center of their music world. For years Shazam has identified music with just one tap. Now it’s just as easy to open Shazam and tap once to discover [...]