diff --git a/devel/py-simplejson/Makefile b/devel/py-simplejson/Makefile
index c40d573812a1..d850378c2c81 100644
--- a/devel/py-simplejson/Makefile
+++ b/devel/py-simplejson/Makefile
@@ -2,7 +2,7 @@
 # $FreeBSD$
 
 PORTNAME=	simplejson
-PORTVERSION=	3.3.3
+PORTVERSION=	3.4.0
 CATEGORIES=	devel python
 MASTER_SITES=	CHEESESHOP
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
@@ -10,8 +10,8 @@ PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 MAINTAINER=	python@FreeBSD.org
 COMMENT=	Simple, fast, extensible JSON encoder/decoder
 
-LICENSE_COMB=	dual
-LICENSE=	MIT PSFL
+# dual-licensed under MIT and Academic Free License version 2.1
+LICENSE=	MIT
 
 USE_PYTHON=	yes
 USE_PYDISTUTILS=yes
diff --git a/devel/py-simplejson/distinfo b/devel/py-simplejson/distinfo
index e91a3fe878b0..84cb840d3fd8 100644
--- a/devel/py-simplejson/distinfo
+++ b/devel/py-simplejson/distinfo
@@ -1,2 +1,2 @@
-SHA256 (simplejson-3.3.3.tar.gz) = bf2cdb00ef60cc16c5ea4f8db4f0a05165d357140574b6ae4d637f4f0b9557ec
-SIZE (simplejson-3.3.3.tar.gz) = 67503
+SHA256 (simplejson-3.4.0.tar.gz) = 62e2c1abc4af5ff9ba4ee35a4c4a026dad476f1fd39b742f780e2ddbaed54595
+SIZE (simplejson-3.4.0.tar.gz) = 68908