SoundCloud Looking To Sell For A Very Hefty Amount

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SoundCloud Looking To Sell For A Very Hefty Amount

SoundCloud could be looking to sell for a whopping $1 billion.

The German streaming service has been popping up into the news a fair bit this year, from constant formatting alterations to the curious investment from Twitter, but it seems they may have reached the final straw with reports suggesting they’re looking to sell.

Bloomberg have reported that “SoundCloud’s founders and investors, including investment firm Doughty Hanson & Co., are exploring strategic options for the company that could lead to a sale, said the people, who asked not to be identified as the discussions are private.”

The hefty sale price is believed to increase growth and profit through its users. Now they just need to find someone with a spare billion-quid to throw down!

What the hell is going on in those offices at the moment?

Via Bloomberg




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