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Spotify May Beat Apple Music By Acquiring SoundCloud

Spotify is planning to acquire SoundCloud. Although, it is unclear that how much Spotify would pay for this acquisition. As SoundCloud raised the funds in June 2016, we can expect a significant turnover between these companies.

Spotify May Beat Apple Music By Acquiring SoundCloud

Spotify May Beat Apple Music By Acquiring SoundCloud

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  in Science & Technology

SoundCloud is still the Number 1 music platform. 

SoundCloud is still the Number 1 music platform. 

Twitter invested $70m in this Berlin-based company. However, SoundCloud raised $100m in June, and the total value is now approx $700m.

What Spotify is planning?

What Spotify is planning?

SoundCloud provides the cheapest subscription which is the main reason for its popularity. They also provide the ad-free music streaming to their UK consumers.

Visitors from different states.

Visitors from different states.

SoundCloud is one of the finest music websites for musicians and music lovers. It has been proven by checking the visitors on these websites. 

Spotify has bigger plans for music.

Spotify has bigger plans for music.

Spotify is negotiating to buy SoundCloud, the Financial Times reports. Discussions between the two streaming services were "advanced," according to the FT, which cited "people briefed on the discussions."

"The big question for the streaming market is whether you can be a standalone company in a category when you have companies like Amazon and Apple looking at music as a loss leader, just to sell more iPhones or Echo speakers." Niklas Zennstrom, the co-founder of Skype & now-defunct music service Rdio said.

Who will join the race now?

"With SoundCloud's subscription service, the two services are becoming more similar than they have been before, so a reason (to buy) would be a consolidation of subscriber bases and to combine talent pool," he added.

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