Shazam! Apple to acquire music naming app for $400 Million?

Shazam! Apple to acquire music naming app for $400 Million?

In its earlier incarnations, Shazam made money primarily from advertising revenues and linking customers to services like Apple Music.

Neither company has confirmed talks. In recent years, rival apps like SoundHound have started to steal Shazam's thunder, and Android phones can natively identify songs using Google Search.

Arkansas hires SMU coach Chad Morris, agreeing to six-year, $21M contract
Morris brings a wide-open up-tempo spread offense the likes of which Donald W. He is also getting consideration for the Tennessee head coaching vacancy.

Shazam is a quite popular app, which surpassed 1 billion downloads in September 2016 itself.

A spokeswoman for Apple declined comment. In 2015, the company was valued at over $1 billion.

Global airline industry's 2018 net profit expected to rise: IATA
One emerging concern is the effect of US President Donald Trump's travel restrictions on Middle East carriers. On a seasonally-adjusted basis, however, volumes are slightly below where they were three months ago.

The deal is supposedly done with an announcement set for next Monday.

Buying out Shazam would also rid Apple of having to pay Shazam for click-throughs to iTunes purchases like it does now. Speculation on the deal price had large spreads, with some valuing the company as low as $400 million, while others speculating Shazam would fetch nine figures. This would also allow Apple to provide users with a link to purchase identified songs on the App Store. Shazam has also been exploring ways to leverage augmented reality (AR) technology to connect users to content, and we all know how Tim Cook feels about AR. That said, the acquisition makes sense as the platform already drives users to Apple Music and is compatible with Siri.

HP and ASUS unveil Snapdragon-powered laptops
Lastly, the battery life is just awesome! The first Snapdragon-powered Windows 10 laptop is here and it's coming out of Taiwan. That's not all as standy time is quoted at 700 hours and HP says you can get 0-90 percent charge in just 90 minutes.

Shazam was a clear acquisition target for Apple given its interest in expanding its presence in the music market-especially as its top competitor Spotify moves closer to public listing, expected to happen next year.

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