Twitter eyes music-sharing service SoundCloud

May 19, 2014
The Twitter logo on the front of the New York Stock Exchange on November 7, 2013

Twitter is mulling plans to buy the German-based music-sharing service SoundCloud to fuel growth at the social network, the news site Re/code reported Monday.

The move would be a new effort by Twitter to get back into music after a failed attempt last year to launch a music-finding service.

The report suggested that such a deal, if consummated, would be expensive for Twitter, but would add a company with a customer base of 250 million, roughly the same size as that of the messaging platform.

SoundCloud recently raised some $60 million in venture capital, which would give the startup a value of some $700 million according to The Wall Street Journal.

Neither company has commented on the report.

Explore further: Twitter acquires music site, could launch new service

Related Stories

Twitter developing e-commerce service

February 1, 2014

Twitter is exploring ways to sell products directly from the 140-character missives the one-to-many text messaging service site is famous for, a technology news site has reported.

Twitter founders, CEO to keep shares after 'lockup'

April 14, 2014

Twitter co-founders Jack Dorsey and Evan Williams and chief executive Dick Costolo have no short-term plans to sell their shares in the social network, according to documents released Monday.

Recommended for you

Microsoft aims at Apple with high-end PCs, 3D software

October 26, 2016

Microsoft launched a new consumer offensive Wednesday, unveiling a high-end computer that challenges the Apple iMac along with an updated Windows operating system that showcases three-dimensional content and "mixed reality."

Making it easier to collaborate on code

October 26, 2016

Git is an open-source system with a polarizing reputation among programmers. It's a powerful tool to help developers track changes to code, but many view it as prohibitively difficult to use.


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.