Report: Apple is finally buying Shazam
A report from TechCrunch says that Apple is "close to acquiring" Shazam, the ubiquitous music-recognition service that's been available on the iPhone virtually from the beginning. The app lets users identify a song or TV show by listening to a short clip, and then helps you find somewhere to listen to or watch it.
The deal, which will see Apple acquire Shazam in whole, is reportedly being announced on Monday and will be signed next week. Sources said the deal was in "nine figures," with one person putting the price at around $400 million. While that's a lot of money for an app, it's a drop in the bucket for Apple and its nearly $300 billion cash reserve.
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