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Apple close to acquiring Shazam: Report

The deal could be worth as much as $400 million and be announced by Monday.

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Apple is close to acquiring Britain-based Shazam, the app that allows users to identify music and movies, according to TechCrunch, Bloomberg,and Recode.

The deal for Shazam is reportedly worth as much as $400 million and could be announced as soon as Monday. It's not immediately clear how Apple intends to incorporate Shazam's technology and team into its current product offerings.

Neither company has confirmed talks. We have reached out to Apple and Shazam, and will update you if we learn more.

Shazam lets users identify a song they're listening to by matching it to the songs in its database. Launched in 2008, Shazam is used more than 20 million times a day. Presumably, Shazam's functionality could gel well with Apple Music and its fight against Spotify.

Earlier this week, Apple acquired podcast search engine Pop Up Archive for an undisclosed sum.