09 December, 2017
Sources say a deal could be announced as early as Monday, in what is rumoured to be a nine-figure deal, while another source informs the publication it could be around $401 million Dollars.
Apple is working on a deal to purchase the music identification app Shazam. The company also lost approximately $22 million the year before that.
Shazam has been rumored to be an acquisition target this year as its losses declined. Shazam's iOS app was also one of the very first apps on the Apple App Store when it launched in 2008, and it remains one of the most popular apps on the platform.
Its augmented reality brand marketing service lets you discover content based on pictures that you snap with the app.
Charles Leclerc to race for Sauber alongside Marcus Ericcson in 2018
The Italian vehicle manufacturer is making a return to the sport after 30-years to sponsor the team. Giovinazzi will be the reserve driver instead, taking part in Friday practice sessions.
Russian Federation accuses USA of provoking Kim Jong Un
Haley sternly warned North Korea's leadership saying it would be " utterly destroyed " if war were to break out. He said they are ready to 'sit down with the Americans at a negotiating table and solve everything peacefully'.
Former "Glee" Star Naya Rivera Arrested For Domestic Battery
After arrest booking procedures she was taken to Kanawha County Magistrate Court where she was arraigned and a bond was set. The couple split past year (16), but they later reconciled and last month the divorce proceedings were dismissed.
The new features allow Shazam to build more strategic partnerships and drive engagement with the app. Since its partnership with Beam, Shazam has partnered with a number of other companies and artists to create similar AR campaigns within the app.
Reps for Apple and Shazam did not immediately respond to requests for comment. Apple frequently purchases smaller tech companies to scrape the technology into its own products.
Of course, nothing has been confirmed either by Apple or Shazam. "They have to find ways to differentiate their music offerings. and Shazam gives them a way to add more value to their music customers".
The deal will be announced next week, according to reports.