Apple All Set To Buy Shazam

"ACCORDING TO MANY ONLINE REPORTS, APPLE IS PAYING ABOUT $400 MILLION FOR THE COMPANY. THAT PRICE IS LOWER THAN SHAZAM’S MOST RECENT POST-MONEY VALUATION OF $1.02 BILLION.’’

- 

According to many reports online, Apple is all set to buy Shazam, a music recognition app. Apple is said to be paying $400 million for the company, which was last valued at $1 billion.

According to one of online sources, Apple is paying about $400 million for the company. That price is lower than Shazam's most recent post-money valuation of $1.02 billion, according to Pitchbook and according to the report, the deal is expected has already been signed.