Media reported about the intention of audiocasting Spotify to acquire SoundCloud – RBC

the Swedish online music service Spotify has been negotiating the acquisition of the German audiocasting SoundCloud. Reported by the Financial Times, citing people familiar with the content of the talks.

Interlocutors did not specify the approximate cost of the transaction. The publication noted that although the negotiations had gone far enough, but at any moment the deal could be derailed.

Representatives from Spotify declined to comment to the edition, SoundCloud was not available.

In mid-July, a stake in German competitor Spotify has acquired the microblogging service Twitter. Interest in hosting American company showed after the closing of a private streaming Music online Twitter. Details of the deal were not disclosed, but according to some media reports, Twitter has paid for SoundCloud almost $ 100 million While the cost of the German company was estimated at $ 700 million.

In July, Bloomberg, citing its own sources reported that the leadership of SoundCloud began to analyze the possibilities for the future development of the company and considered the option of selling for $ 1 billion.

In early July, employees of several major music companies told the newspaper “Vedomosti” about that the Swedish audiocasting Spotify is considering the possibility of returning to the Russian market after an absence of a year. The sources stressed that the negotiations are at a very early stage, so the details of the transaction too early to say.