Monday, July 31, 2017

SoundCloud needs more than just money to survive

We’ve been talking about SoundCloud – the preferred platform for indie musicians, DJs and podcast creators around the world – being on the brink of death in recent times, ever since it laid off 40 percent of its workforce and closed two offices this month. Now, Bloomberg reports that the Berlin-based firm is in talks with two private equity firms about investing in the service in return for a majority stake in SoundCloud. That’s really all we know at this point (though BuzzFeed News reported that the company might seek fresh funding at a valuation of $100 million), and so…

This story continues at The Next Web

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