SoundCloud For Sale

SoundCloud

SoundCloudSoundCloud’s founders and investors are reportedly considering selling the music sharing website. Bloomberg.com has reported that the owners may not go through with the sale, but the reason why they’ve begun to consider it was because SoundCloud hasn’t been able to monetise their service due to it being a free company.

Other sources have stated that the German company haven’t been able to find a buyer willing to value the company at $1 billion, let alone purchase it.

The company has been priced at around $700 million and was able to earn $70 million from Twitter last June. Despite having around 175 million active users who use the site to share, listen and record their own songs, it doesn’t seem to be enough to catch a buyer’s attention.

What are your thoughts on this development? Let us know in the comments below.

– Written by Patricia “Patty” Tamayo

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