SoundCloud reportedly considering $1 billion sale
A report from Bloomberg has alleged that German streaming site SoundCloud is considering a sale of the company with an evaluation of $1 billion USD. The company has recently launched it’s paid-subscription service SoundCloud Go and reportedly received a $70 million USD investment from Twitter in June.
The hypothetical sale is only one option that the founders and investors of SoundCloud are considering as the company seeks to expand its user base and market share in the increasingly crowded streaming marketplace. The company has yet to find a buyer who values that company at $1 billion. According to company sources, the site was valued at $700 million following the Twitter investment.
H/T: The FADER