May 20, 2014: According to reports doing rounds in various platforms, social messaging giant Twitter is looking to buy music sharing service SoundCloud. This move is close on the heels of a failed attempt by Twitter to launch a music finding service last year. The reports suggest that Twitter is looking forward to buy SoundCloud so as to expand its reach and give a fillip to its social network. The deal could also benefit SoundCloud as well since it would allow the platform to offer better service and there by deliver revenue generating ads
German based SoundCloud had recently risen around USD 60 million in venture and has got a customer base almost equivalent to Twitter i.e. 250 million. According to The Wall Street Journal the present valuation of SoundCloud would be some were around USD 700 million and if the deal gets through then it would be a very expensive buy out for Twitter.
