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Apple confirms Shazam deal

Apple Inc. confirmed a deal to acquire music recognition app Shazam, Variety reported Dec. 11, citing statements from both companies.

In a statement, the iPhone maker said Apple Music and Shazam are a natural fit, and the company looks forward to combining with Shazam.

While financial terms of the deal were not disclosed, recent reports pegged the deal price to be around $400 million.