Apple acquired Shazam Entertainment Ltd., a transaction completed in September 2018.
Shazam Entertainment Ltd. operates in Music discovery / audio recognition, is based in London, United Kingdom. Apple announced it had completed its acquisition of Shazam, the widely used music-recognition app that lets users identify songs by listening to audio around them. Apple said the Shazam app would soon become ad-free for all users. Financial terms were not disclosed. Shazam had been an early App Store title and was one of Apple's few acquisitions to draw a formal EU regulatory review before closing.
Apple emphasized a long shared history with Shazam and a common focus on music and innovation, positioning the deal as a way to give users additional ways to discover, experience and enjoy music.
Apple and Shazam have a long history together. Shazam was one of the first apps available when we launched the App Store and has become a favorite app for music fans everywhere. With a shared love of music and innovation, we are thrilled to bring our teams together to provide users even more great ways to discover, experience and enjoy music.Oliver Schusser, Vice President of Apple Music, Apple
Advisory firms were not disclosed for this transaction.