Forget Twitter #music: this could be major.
Re/code reports that Twitter is looking to buy Soundcloud, according to people familiar with both companies. Acquiring Soundcloud would be Twitter’s most expensive purchase yet. Earlier this year, Soundcloud closed another round of funding for $60 million, leaving the streaming platform valued at $700 m, illion.
While Twitter pulled the plug on their #music app earlier this year, a March data survey reported that Soundcloud topped the list of music services mentioned on Twitter.