You are here: Home » News-IANS » Business-Economy
Business Standard

Apple acquires London-based music firm Platoon

IANS  |  San Francisco 

In a bid to further its position in the global music space, has reportedly acquired London-based and music start-up for an undisclosed sum.

The acquisition of and company -- founded in 2016 by iTune veteran and Saul Klein, is aimed at tapping emerging artists for Music, reported on Friday.

"The company worked with the likes of Stateside breakout act before she signed to Interscope in 2017, in addition to UK stars Stefflon Don and Jorja Smith," said the report.

Feigelson has worked with for over 15 years for live events and relations.

"The Apple deal gives the backing and resources to accomplish its vision and continue its goal to develop original music and visual content," the report quoted a Platoon source as saying.

Apple was yet to comment on this.

"Apple doesn't usually comment on its acquisitions, stating only that it makes them from time to time and generally doesn't discuss its purpose or plans," said

The tech giant in October acquired "Asaii," a start-up developed music analytics engine for music labels and managers.

According to a report in Axios, the deal was worth nearly $100 million.

Apple has also completed the acquisition of Shazam, one of the world's most popular music recognition mobile apps.

has been downloaded over 1 billion times around the world and users identify songs using the app over 20 million times each day.

Apple has made some other acquisitions as well, like buying Beats for $3 billion in 2014 which became the basis for



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 19:08 IST