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Apple confirms deal to buy music discovery app Shazam

SAN FRANSICO: Apple on Monday confirmed it had reached a deal to acquire Shazam Entertainment, the UK-based app that lets users identify songs by pointing a smart phone at the audio source. Apple did not give a price for the acquisition. Technology news website TechCrunch reported the deal on Friday with a price of as much as $400 million, far short of the most recent $1 billion valuation for privately held Shazam. Apple in talks to acquire music identification app Shazam: source Company said Shazam would be a…