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Apple buys early iPhone music app hit Shazam

Apple Inc. agreed to amass music-identification service Shazam, taking possession of one of many first apps to display the ability of the iPhone, recognizing songs after listening to only a few bars of a tune.

Phrases of the deal weren’t disclosed, however an individual aware of the state of affairs stated Apple is paying about $400 million for the UK startup. That may be one among Apple’s largest acquisitions ever, approaching the scale of its 1996 buy of Subsequent Pc Inc. which introduced co-founder Steve Jobs again to the corporate. That transaction could be price greater than $600 million in immediately’s .

The deal introduced Monday will probably be a disappointment for a few of Shazam Leisure Ltd.

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Author: Techno Info

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