It's official: Apple is buying Shazam (AAPL)
Apple has bought Shazam, one of the early hit iPhone apps.
The Shazam app allows users to identify the music that's playing nearby, such as a song in a restaurant or cafe. It also had augmented reality technology and an advertising business.
No price was included in the announcement, but a source tells Business Insider it was around $400 million.
Apple has bought Shazam, the popular music-recognition app and augmented-reality service.
Shazam and Apple both confirmed the purchase on Monda
Read more »