World Bulletin / News Desk
Apple confirmed Monday it has acquired the music discovery app Shazam.
Shazam, a London-based company that launched in 1999, is famed for being able to identify songs by listening to snippets of the music. The music could be being played in a commercial, department store or movie and Shazam can usually identify it.
The deal was rumored for about a week in technology media outlets. While neither company has revealed the cost of the acquisition, sources told TechCrunch and other outlets Apple paid about $400 million.
The addition of Shazam’s technology is expected to add powerful features to Apple’s digital assistant, Siri.
“We are thrilled that Shazam and its talented team will be joining Apple,” according to a statement by Apple. “Since the launch of the App Store, Shazam has consistently ranked as one of the most popular apps for iOS. Today, it’s used by hundreds of millions of people around the world, across multiple platforms. Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users. We have exciting plans in store, and we look forward to combining with Shazam upon approval of today’s agreement.”
Shazam said its app has been downloaded 1 billion times and has been used 30 billion times to identify songs. It has struggled, however, to monetize its service – in 2016, Shazam brought in only $54 million in revenue.
Shares of Apple grew about 2 percent Monday after the news to close at $172.67.
EU figures show IT companies such as Twitter and Facebook removed 70 percent of illegal hate speech
Gersan to install charging stations throughout Turkey following agreement with Tesla Motors Netherlands B.V. last month
Journalists were able to access the service on Sunday and officials confirmed it has been restored.
Computer scholars develop games letting impaired people improve their sight through online games
Project 'Neogene' to study DNA samples from Turkey's Anatolian region
The "growing societal unease" over the intensive use of smartphones by children is "at some point is likely to impact even Apple", they warned.
Such people would be "central" in their social networks, and thus likelier to spread disease-causing germs from one group to another.
Aselsan device for monitoring vehicles' speed and distance expected to avoid outflow of almost €1 billion ($1.17 billion)
Social media users call out company for echoing Trump policy
Beijing Automotive Group Co (BAIC) chairman Xu Heyi said over the weekend the company will phase out sales of conventional cars in Beijing by 2020 and nationwide by 2025, according to the official Xinhua news agency.
Shazam, which identifies songs from short excerpts, likely to be rolled into Apple’s mobile device software
Turkish defense minister in London says 'there will be no delay'
Local tech start-ups in Gaza Strip must work around Israeli blockade; open borders could boost their opportunities
Activists and tech leaders including Tesla's Elon Musk have called on the UN to ban fully-automated weapons systems that could revolutionise warfare while putting civilians at heightened risk.
Tweet capacity doubled in almost all supported languages