Apple ‘to buy Shazam for $400m

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Apple is close to buying the music recognition app Shazam for about $400m (£300m), media reports say. 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. Neither Apple nor Shazam have commented on the reports on the TechCrunch site. If the deal is confirmed, the music identifying App will…

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