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Twitter in talks to buy online music firm SoundCloud: FT

05
Jun
2014

(Reuters) – Twitter Inc has been in talks with Berlin-based online music platform SoundCloud in its efforts to add a music service to its offering, the Financial Times reported citing people familiar with the matter. The microblogging site has weighed up deals worth billions of dollars and has also considered buying music-streaming service Spotify and internet-radio provider Pandora Media, the newspaper said citing the people. Twitters renewed interest in music-streaming companies comes after Apple acquired Beats, the headphones and music-streaming firm founded by Jimmy Iovine and Dr. Dre, for $3 billion. Pandora Media and Spotify have raced ahead while Apples eight-month-old iTunes Radio has not made much of a dent.

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