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Intellectual Ventures In IP Deal With Shazam

Bellevue-based patent storehouse Intellectual Ventures said today that it has signed an intellectual property deal with Shazam, the developer of the popular music recognition app. Financial details of the deal were not disclosed. IV said that the agreement gives Shazam a license to its patent portfolio, including access to its patents for defensive purposes. Shazam's apps help consumers identify music, and currently has more than 100 million monthly mobile active users.


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