Spotify to buy Soundcloud pushing against apple and Amazon incubus

Spotify to buy SoundCloud pushing against apple and Amazon Tencent Francisco, according to foreign media reports, the world’s largest music streaming platform is Spotify and the German music sharing site SoundCloud to negotiate acquisitions, negotiations have entered the final stage. After the launch of its own streaming music service in apple and Amazon and other U.S. technology giant, the two European startups are forced to consolidate in order to survive. Spotify has 40 million paid users, and Apple Music on the line for the next 14 months to get a $17 million paid users. SoundCloud, although the music sharing site has more than 200 million users and users to create the original music of the 135 million, but never profitable. Spotify had a deal with SoundCloud last spring on the acquisition, but the latter’s offer was prohibitive. After investing in SoundCloud Twitter, Spotify and consider acquisitions, the results of the negotiations ended in failure. According to sources, Spotify plans to have IPO in the second half of 2017. The acquisition will bring better results for SoundCloud and its investors. SoundCloud valuation of about $700 million, while Spotify’s valuation of $8 billion 500 million. (compile wing fly) recommended: concern AI generation micro signal (tencentAI), reply to Standford, can get the Stanford University: 2030 artificial intelligence and Life Report Download link.相关的主题文章: