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Apple has reportedly agreed to acquire Shazam in a deal valuing the music recognition app at around $400 million. That’s a steep discount to Shazam’s 2015 fundraising valuation of $1 billion, but the company has struggled to grow revenue in recent years. In 2016, the company lost £ million ($ million) on revenue of £ million, according to a . filing. According to another filing by Shazam in November, Lynx Capital Ventures owns more than 50% of shares in the company, suggesting the firm has been acquiring Shazam stock from other shareholders prior to the potential sale. –Alfred

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