Twitter-backed music streaming service SoundCloud is reportedly in advanced talks to sell a majority stake to the two to alleviate financial struggles.
SoundCloud, the Germany-based online music streaming platform that counts social media company Twitter as an investor, is set to sell a majority stake to two investors, Bloomberg reported today.
The investors in question are Singaporean state-owned investment firm Temasek and boutique investment bank Raine Group, which would buy stakes in the company through separate deals, according to people familiar with the matter, who told Bloomberg negotiations have reached an advanced stage.
SoundCloud has built an online platform that allow users…
