Entertainment

The Price to Buy-Out Soundcloud Drops

Soundcloud has been struggling to cope with its financial difficulties. The company which was last valued at $700 Million in 2014 has seen a decline in recent years — rumored deals with both Spotify and Google who shared interests in acquiring the platform fell through, and the not-so-popular subscription model hasn’t been generating the expected revenue they were hoping for. The company is looking to raise $100 Million to keep things going with new investors and strategic partners, however if they don’t, the company may have to sell for around $250 Million simply to cover investments to date.

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Categories: Entertainment, Music

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