Spotify in advanced talks to buy SoundCloud, reports say
by Reuters from Technology | The Guardian on (#1WBBR)
Swedish music-streaming service provider could acquire German rival, the Financial Times reports, amid competition with Apple and others to turn profit
Swedish music-streaming service provider Spotify is in advanced talks to acquire German rival SoundCloud, the Financial Times reported on Wednesday, citing people briefed on the discussions.
SoundCloud's founders and investors were exploring strategic options for the company, including a sale that could value it at $1bn, Bloomberg reported in July, citing people familiar with the matter.
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