'$ 1 billion for Spotify competitor SoundCloud'

'$ 1 billion for Spotify competitor SoundCloud'

Tech July 27, 2016 15:30

- Music platform SoundCloud is sold. This was reported Bloomberg, referring to sources close to the talks. Buyers would pay $ 1 billion.

According to Bloomberg, it is the first interviews. The music platform SoundCloud is worldwide popular among independent producers and DJs. That led in recent years not to great achievements. The company saw its loss in 2013 and 2014 amount to € 62.1 million.

SoundCloud has in the United States introduced a paid subscription, as was announced in February. For a tenner a month to unlimited Americans- and offline- to listen to the full range of SoundCloud. This is thus in competition with Spotify and Apple Music. The crowds Shuffler, aimed at discovering new music, all from the market.
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Soundcloud Go works in the US, the platform rolls out to other countries.

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