The owner of audio streaming company SoundCloud is considering the sale of the company, with Bloomberg reporting they are holding out for a bid breaching the $1bn mark.
Investment firm Doughty Hanson & Co are reportedly set to court offers at the price of $1bn, with the company’s musically-engaged and passionate 175m users, likely an attractive acquisition to a number of media and social media brands.
Back in February, SoundCloud company only recently released its financials for 2014, a total loss of €39.14m for the year. Throughout 2016, the company has opened up new income flows; first with the<a target=_blank href="http://www.thedrum.com/news/2016/05/03/soundcloud-steps-monetisation-drive-premium-offering-plus-advertiser-charm-offensive" Read full story ›
Source: The Drum
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