Twitter considering buying 'YouTube of music' SoundCloud
Twitter is reportedly considering purchasing SoundCloud, one of the internet's best homes for sharing music.
SoundCloud, which is also known as the YouTube of music, raised a funding round that valued it at 700 million dollars earlier this year, therefore the deal could prove profitable for Twitter.
According to the Verge, content uploaded to SoundCloud is already widely shared on Twitter, and its music files are easily embeddable across the internet.
It also has a large, 250 million-member community of users who can leave comments on any specific point of an uploaded song or audio file they choose, the report said.
A deal with Twitter might provide an easy way for SoundCloud to start selling ads against its content.
(Posted on 20-05-2014)