Spotify is reported to be in advanced talks to acquire Soundcloud, in order to better meet the increased competition from Apple’s existing streaming music. It writes the Financial Times on Wednesday night, with reference to the sources.
Among the investors in the Soundcloud can be found Twitter, which last summer bought in the Swedish musikplattformen.
In september reached a Spotify 40 million paying subscribers, Apple Music is located at 17 million. Soundcloud has recently launched a payment service for streaming music.
Spotify declined to comment on the data, Soundclod could not be reached.
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