Spotify abandons attempt to buy SoundCloud
As SoundCloud prepares for an IPO in 2017, the streaming platform was in talks with Spotify over an acquisition that has since fallen through. Read the details about the talks and subsequent abondonment in the full Financial Times report.This article originally appeared on Financial Times
Music streaming service switches focus to IPO next year
Spotify has abandoned plans to acquire rival SoundCloud, as the music streaming company gears up for an IPO next year.
However, the deal has fallen through because Spotify did not want to slow its path towards a flotation with the costs and licensing agreements needed to buy SoundCloud, according to someone familiar with the matter...