London-based app company Shazam could be taken over by Apple as early as Monday, according to reports.
The app, which was founded in 1999, allows users to identify songs, TV shows and films by inputting audio or images. The company's apps have been downloaded more than 1bn times.
Some sources suggest the price for the company paid by Apple could be around $300m (£224m), well below the $1bn valuation used by Shazam at its most recent funding round.
Backers of the company include Sony Music, Universal Music, and London's DN Capital.
Apple's move heralds another aggressive move into the music industry, facing off against Apple Music rival Spotify.
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