Twitter pulls out of SoundCloud talks

May 20, 2014
The Twitter homepage appears on a screen in Washington on September 3, 2010

Twitter has pulled out of discussions to buy the German-based music-sharing service SoundCloud, The Wall Street Journal said Tuesday.

Reports earlier this week said Twitter was in talks with SoundCloud to get back into music after a failed attempt last year to launch a music-finding service.

The Journal quoted a person close to the talks as saying Twitter chose to let the deadline for exclusivity on talks pass because "the numbers didn't add up."

News of the talks, first reported by the website Re/code, had said any deal would be expensive for Twitter, but would add a company with a customer base of 250 million, roughly the same size as the micro-messaging platform.

SoundCloud recently raised $60 million in , which would give the startup a value of about $700 million, according to The Journal.

Neither company has commented on the reports.

Explore further: Twitter eyes music-sharing service SoundCloud

Related Stories

Yahoo in talks to buy NDN video

Apr 01, 2014

US Internet giant Yahoo is in talks to buy the online video service NDN, which could help it compete with YouTube, The Wall Street Journal reported Monday.

Twitter seeking to buy TweetDeck: WSJ

Apr 18, 2011

Twitter is in "advanced talks" to buy TweetDeck, a popular platform for accessing the service, for some $50 million, The Wall Street Journal reported Monday.

Recommended for you

Mozilla says HTTPS is the way forward for the Web

18 hours ago

The web developer community can hear a rallying cry loud and clear :Let's hear it for web security. Mozilla, the group behind the browser Firefox, is turning up the volume by saying enough's enough with non-secure ...

Facebook opens up Internet.org after neutrality flap

19 hours ago

Facebook said Monday it was opening up Internet.org, which provides connectivity to people in developing nations, to outside applications following a controversy over its limited set of online services.

Parents experience FOMO on Internet speak

May 01, 2015

If you tell your mum she's fleek, she probably won't get the compliment—social media is driving a rapid evolution of the English language that is leaving parents baffled, a study suggested Friday.

User comments : 0

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.