Deals
Apple Is Close to Buying Shazam
- Deal for 18-year-old London-based startup may close on Monday
- Acquisition may value Shazam at $404 million, TechCrunch says
Photographer: Simon Dawson/Bloomberg
This article is for subscribers only.
Apple Inc. is close to acquiring Shazam Entertainment Ltd., the startup whose music recognition app is already built into Apple’s Siri virtual assistant, according to a person familiar with the discussions.
A deal for the London-based app maker could be announced as soon as Monday, said the person, who declined to be identified because the details are not yet public. TechCrunch earlier reported the takeover, adding that it could value Shazam at about 300 million pounds ($404 million). An Apple spokesman declined to comment. A Shazam representative did not immediately respond to a request for comment.