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Apple buys Shazam for US$400 million

Apple has reportedly purchased the music recognition app Shazam for US$400 million.
 
Shazam, a UK company founded in 1999, allows people to use their smartphone or computer to identify and buy music through a snippet of sound.
 
Shazam, which says it has more than 100 million monthly users, makes most of its revenue from commissions paid on referrals to Apple's iTunes Store.
                                         


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