Spotify is reportedly in advanced talks to purchase SoundCloud, according to a report from the Financial Times. The move would give Spotify a larger library of content — SoundCloud has over 125 million songs — and remove a competitor from the streaming music landscape after SoundCloud launched its own paid service earlier this year. But outside of that the benefits of the acquisition seem limited for Spotify.
For SoundCloud, the deal makes much more sense. The Berlin-based company's on-demand service SoundCloud Go has failed to catch on in any noticeable way. With Spotify headed for an IPO, likely sometime in the summer of 2017, according to sources, the acquisition could turn out very well for SoundCloud and its investors, one of...
// from The Verge - Tech Posts http://ift.tt/2day3Uz
via IFTTT
Recent searches:
latest technology latest technology news technology technology articles science and technology news science and technology technews internet news news technology latest computer technology technology news articles articles on technology computer technology news recent technology latest technology in computer article about technology technology updates tech websites information technology news news about technology latest technology updates latest science news the latest technology technology today tech news today latest technology in it recent technology news technology news today latest it news tech sites
No comments:
Post a Comment