"We are thrilled that Shazam and its talented team will be joining Apple," they said on Monday.
Apple confirmed the deal on Monday, following a report from
TechCrunch, who broke the story on Friday.
"We are thrilled that Shazam and its talented team will be joining Apple," a spokesperson said in a statement. "Since the launch of the App Store, Shazam has consistently ranked as one of the most popular apps for iOS. Today, it’s used by hundreds of millions of people around the world, across multiple platforms.”
They didn't make the financial details of the transaction public, though TechCrunch reports that a source close to the company placed the price tag at around $400 million (£300 million). That's notably less than the latest valuation, in 2015, which put it at around $1 billion.
It's the latest music industry shakeup in a week, after the revelation that YouTube is preparing to launch its own music streaming service to compete with Spotify and Apple Music. Meanwhile, Spotify is preparing to take its company public.