Apple’s acquisition of music-recognition app Shazam, for a reported $400m (£300m), is just the latest in a string of major acquisitions of British technology companies by overseas suitors.
The purchase is Apple’s biggest since 2014, when it spent $3bn on headphone manufacturer Beats Electronics, and is one of the largest acquisitions this year for the British tech sector. It follows the sale of Imagination Technologies, which makes the graphics processors used in iPhones and iPads, to a Chinese private equity firm for $550m (£412m) in September.
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