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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.

@ShaneMcGlaun
Published Tue, May 20 2014 8:06 AM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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.

Twitter may purchase music sharing firm SoundCloud | TweakTown.com

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

Shane is a long time technology writer who has been writing full time for over a decade. Shane will cover all sorts of news for TweakTown including tech and other topics. When not writing about all things geeky, he can be found at the track teaching noobs how to race cars.

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