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- Apple to buy music discovery platform Shazam
Posted by : Brij Bhushan
Friday, 8 December 2017
Reports today indicate that Apple is in the final stages of a deal with music discovery platform Shazam. According to initial reports from TechCrunch, the deal could be announced as soon as Monday. If the sale happens, the price being floated is around $400 million, a number Recode later confirmed. This would mark a significant discount for a company valued at around $1 billion in its last funding round. Shazam has, since its 2002 launch, raised at least $140 million. The news follows earlier rumors of Snapchat as a potential suitor. Snap inked a deal late last year that allowed…
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