Apple Shazam: Why is the US company buying the music app?
In fact, it's been a while since the song-identifying software squeezed its way into the iOS App Store's top 10. So, why has Apple confirmed it is "combining" its business with that of the smaller London company? It has not revealed the price it is paying, but the sum is rumoured to be as much as $400m (£300m), which would make it one of Apple's most expensive takeovers to date. The US technology giant also hasn't disclosed its motivations beyond saying that it has "exciting plans in store". But there are several reasons the deal may have appealed.
Dec-11-2017, 21:41:42 GMT
- Country:
- North America > United States (0.40)
- Industry:
- Leisure & Entertainment (0.53)
- Media > Music (0.53)
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