SoundCloud would be on the verge of being acquired by Spotify, told the Financial Times
SWEDEN (AFP) –
Twitter bought 11% of the online music service SoundCloud, which would be on the verge of being acquired by Spotify, indicated this Thursday, the Swedish newspaper Dagens Industri and the british Financial Times.
SoundCloud, founded by a swede in 2008 and based in Berlin, has 175 million users, although it is not yet profitable.
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According to Dagens Industri, who agreed to financial documents in the Uk about the transaction, Twitter paid $ 70 million to buy the 11% of the company.
For its part, the Financial Times argues that Spotify, the world leader in the music on ‘streaming’, is in “advanced negotiations” to buy its competitor.
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In march, SoundCloud launched a bid to listen to music for 9.99 dollars per month in the united States and 9.99 euros in Europe.
The new offer comes at a very competitive market in which in addition to Spotify are also americans Apple Music, Pandora, Tidal, and Napster, and the French Deezer.
Spotify, which in September exceeded 40 million paying subscribers and, this Thursday, announced his arrival to Japan, has not had any annual profits since its inception.
In 2014, the latest data available, with a turnover of 17 million euros and had losses of 39 million.
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