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Twitter has invested in music streaming service SoundCloud


Two years ago Twitter thought about buying SoundCloud, but ended up walking away from the music service.

Now Twitter has bought a piece of SoundCloud instead.

Twitter has invested around $70 million in the music service, as part of a round that should end up in the $100 million-range, according to sources familiar with the deal. The round is expected to value SoundCloud at about $700 million — the same value that investors placed on the company in 2014, when it raised $60 million; since then it has also raised a debt round...

Cover photo by Nadine Rupp, Getty / Asa Mathat, Recode

Tags : Recode Soundcloud Twitter