Google is apparently interested in buying SoundCloud
Streaming platform SoundCloud is reportedly a target for Google, who are looking to bag the service in a cut-price deal.
SoundCloud was a target for Spotify last year, but nothing materialised after rumoured "advanced talks", with SoundCloud still searching for a buyer to help ease the protracted financial difficulties. Despite having over 175m users across the globe, the Berlin-based platform has struggled to generate revenue and been the target of various copyright lawsuits.
Last summer the German service slapped a $1 billion price tag on themselves, putting off the likes of Twitter, but if the whispers are true, then Google would be interested - although they'd be expecting to strike a deal at roughly half that amount, report Music Business Worldwide.
As well as Google's interest, it's been revealed by MBW that three major record labels - Warner, Universal, and Sony - have ownership stakes in SoundCloud.
- Adult Leisure announce forthcoming debut album, The Things You Don't Know Yet
- Ashnikko shares horsegiirL remix of "Itty Bitty"
- Softcult return with new track, "Pill to Swallow"
- PinkPantheress explores a transatlantic love affair on "Stateside"
- Kali Uchis presents new single, "ILYSMIH"
- Zara Larsson returns with new single, "Pretty Ugly"
- Sasha Keable releases new track, "Act Right"
Get the Best Fit take on the week in music direct to your inbox every Friday
Prima Queen
The Prize
Femi Kuti
Journey Through Life
Sunflower Bean
Mortal Primetime
