Apple Might Acquire Popular Music Recognition Service Shazam
As Apple (NASDAQ: AAPL) continues to ramp up its competition with Spotify, the company is now reportedly considering acquiring Shazam, the popular music recognition service that allows people to identify what song they're listening to. Apple Music continues to trail Spotify in terms of paid subscribers, with 30 million at last count. That's about half the 60 million paid subscribers that Spotify currently enjoys.
The transaction's price tag will reportedly be in the neighborhood of 300 million euros (approximately $400 million), and could be announced as early as Monday, according to TechCrunch.
Image source: Apple.
Source: Fool.com
Apple Inc. Stock
€202.70
0.370%
Our community is currently high on Apple Inc. with 156 Buy predictions and 17 Sell predictions.
As a result the target price of 226 € shows a slightly positive potential of 11.49% compared to the current price of 202.7 € for Apple Inc..
