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Spotify To Buy SoundCloud

Spotify To Buy SoundCloud

Swedish music-streaming service provider Spotify says it is in advanced talks to acquire German rival SoundCloud.

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

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

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