Spotify Walks Away From SoundCloud Acquisition

Spotify says no to this SoundCloud deal. Why? Three letters: IPO. Back in September, the Financial Times reported that Spotify might purchase streaming competitor SoundCloud. The firms were in advanced acquisition talks. If successful, Spotify would hold a stronger position against competitors, including Apple Music, Amazon Music Unlimited, and Pandora. SoundCloud had a value of […]

The post Spotify Walks Away From SoundCloud Acquisition appeared first on Digital Music News.

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