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Germany: Spotify close to buying SoundCloud

By  |  September 29, 2016

Swedish music-streaming service provider Spotify is in advanced talks to acquire German rival SoundCloud, according to Reuters.

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    SoundCloud’s founders and investors have been exploring strategic options for the company, including a sale that could value it at $1 billion.

    Music-streaming companies have struggled to turn a profit amid rising competition from larger players such as Apple Inc.

    Full Content: Reuters

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