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

add to favorites email to friend print save as pdf

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

Ebola.com domain sold for big payout

6 hours ago

The owners of the website Ebola.com have scored a big payday with the outbreak of the epidemic, selling the domain for more than $200,000 in cash and stock.

Facebook goes retro with 'Rooms' chat app

Oct 23, 2014

Facebook on Thursday released an application that lets people create virtual "rooms" to chat about whatever they wish using any name they would like.

User comments : 0