Apple Confirms Acquisition Of UK Tech Firm Shazam

Apple has confirmed its rumoured acquisition of London-based tech company Shazam.

The tech giant hasn’t disclosed the terms of the acquisition, but reports have previously pegged the price at £300m ($395m).

Shazam, set up 18 years ago, was once valued at $1bn. The firm raised $143.5m to date and backers include Kleiner Perkins and DN Capital.

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