How to use Select2 with JSON via Ajax request?

for select2 v4.0.0 slightly different

$(".itemSearch").select2({
    tags: true,
    multiple: true,
    tokenSeparators: [',', ' '],
    minimumInputLength: 2,
    minimumResultsForSearch: 10,
    ajax: {
        url: URL,
        dataType: "json",
        type: "GET",
        data: function (params) {

            var queryParameters = {
                term: params.term
            }
            return queryParameters;
        },
        processResults: function (data) {
            return {
                results: $.map(data, function (item) {
                    return {
                        text: item.tag_value,
                        id: item.tag_id
                    }
                })
            };
        }
    }
});