Apple’s Shazam iOS app has just been updated with support for sharing songs via Instagram Stories. Here are all the details on it.

After much speculation over the weekend, Cupertino-based Apple Inc. has confirmed the acquisition of Shazam for an undisclosed financial amount.

Apple is reportedly looking to acquire the popular music recognition service, Shazam. Here’s everything we know so far.

Apple is often listed as one of the main companies behind the surge of the digital music economy in the last decade. The introduction of the iTunes music store almost single handedly crafted a digital marketplace, putting music in front of consumers around the world and making it extremely easy for them to get the latest artist releases. As music sales and downloads begin to slow down across the industry, Apple is reportedly looking for ways to go swim against the tide by bolstering its own music offerings, which could see the fruit company partnering with Shazam Entertainment to offer a song and artist recognition service natively via Siri within iOS.

I think pretty much every owner of a smartphone device who has the slightest interest in music will have heard of the Shazam service. For those that haven’t then let me introduce you to what I would consider the pioneering music identification service. Shazam launched in 1999 as a company who provided users with the ability to identify music via their mobile telephone. I remember the early days of the service when you had to dial ‘2580’ on your phone then hold the microphone up to the music to allow the service to gather a sample. It then connected to the company using your devices data connection and sent an SMS back to you with the name of the song and artist.