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Twitter may purchase music sharing firm SoundCloud

SoundCloud could get purchased by twitter according to insiders who claim to be familiar with the negotiations

| Business, Financial & Legal News | Posted: May 20, 2014 1:06 pm

Twitter is eyeing a new move into music and podcast sharing according to reports. People familiar with dealings at twitter and SoundCloud say that twitter is considering an acquisition of SoundCloud.

 

TweakTown image news/3/7/37840_5_twitter_may_purchase_music_sharing_firm_soundcloud.jpg

 

SoundCloud is a free service that lets users upload audio files to share with others. The service is said to be a sort of YouTube for audio and currently has about 250 million users. At this time, there is no guarantee that the deal will move forward.

 

Right now, neither company is talking about a possible acquisition officially. Some also think that if a deal with twitter goes through, SoundCloud will be forced to start trying to get deals with music studios to distribute their music.

NEWS SOURCE
Recode.net

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