Twitter in talks to buy online music firm SoundCloud - FT
REUTERS - Microblogging platform Twitter Inc has been in talks with Berlin-based audio sharing website SoundCloud in its efforts to add a music service to its offering, the Financial Times reported citing people familiar with the matter.
Twitter has weighed up deals worth billions of dollars and has also considered buying music-streaming service Spotify and internet-radio provider Pandora Media Inc, the newspaper. (r.reuters.com/heh89v)
SoundCloud is a platform that enables people to upload, record, promote and share their music and other audio files.
The company has aggressively expanded its capabilities to carry multimedia content. Last year, it acquired "We Are Hunted," a three-person music streaming-startup from Australia.
SoundCloud declined to comment on the deal while Twitter did not immediately respond to an email seeking comment outside regular U.S. business hours.
Twitter's renewed interest in music-streaming companies comes after Apple Inc acquired Beats, the headphones and music-streaming firm founded by Jimmy Iovine and Dr. Dre, for $3 billion.
The Beats deal was seen as Apple's effort to jumpstart an uneven attempt to make headway in music streaming, the fastest-growing segment of the market, as iTunes sales decline.
Pandora Media and Spotify have raced ahead while Apple's eight-month-old iTunes Radio has not made much of a dent.
(Reporting by Ankush Sharma in Bangalore; Editing by Gopakumar Warrier and Joyjeet Das)
- Tweet this
- Share this
- Digg this
- UPDATE 8-Dallas Ebola patient vomited outside apartment on way to hospital
- Boxer Sarita Devi faces action after refusing medal at Asian Games
- Putin says Russia wants to move to national currencies in trade
- Appointment of Arvind Subramanian as chief economic adviser hits Modi hurdle
- Modi aims to shake up sanitation with Clean India drive
BACK IN JAIL
Subrata Roy, the jailed chief of India's Sahara conglomerate, is back in a cell after living in a makeshift prison office for two months as he tried to negotiate the sale of his luxury hotels, a jail official said. Full Article
Appointment of Arvind Subramanian as chief economic adviser hits Modi hurdle. Full Article
Diageo bars United Breweries from appointing independent director at United Spirits. Full Article