Apple confirms it's buying music recognition app Shazam

Following reports on Friday that Apple was planning to buy music recognition app Shazam, CNBC reports that Cupertino has confirmed the purchase. Terms of the deal weren't disclosed, but TechCrunch estimates the agreement to be worth around $400 million. The site was also the first to report news of the acquisition Friday afternoon. "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," Apple said in a statement to CNBC.