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Report: Twitter Mulling Acquisition of SoundCloud
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Twitter may be considering what could be its biggest acquisition yet.
Peter Kafka at Re/code reports that Twitter is mulling a deal to buy SoundCloud, a popular online community for sharing and discovering music. The deal is described as being tentative, at best.
A rep for SoundCloud declined to comment on the report. Twitter could not immediately be reached for comment.
See also: The Beginner's Guide to SoundCloud
SoundCloud was founded in Berlin in 2007 and has more than 250 million users. The company has raised well over $100 million in funding and is reportedly valued at $700 million.
Twitter has shown an interest in the music space before, launching its own Twitter Music app, which proved to be a flop. SoundCloud files already integrate into the social network through the use of Twitter Cards. Read more...
More about Twitter, Soundcloud, and BusinessOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/Sc_vcz57ZWA/
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