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Apple eyes £300m Shazam deal
Apple is on the verge of acquiring music recognition app Shazam for “nine figures” with estimates suggesting it will be around the £300m mark, according to reports in TechCrunch.
The potential price of the deal is significantly lower than Shazam’s most recent valuation of $1bn.
Shazam enables users to identify the name of songs and other media playing around them using the app. People are then able to buy the song from the iTunes store,