Spotify isn't acquiring SoundCloud after all

Just a couple of months ago, rumors indicated Spotify was negotiating to acquire fellow music streamer SoundCloud. Now, TechCrunch reports hearing from a source that those talks have ended and Spotify is walking away. According to the Financial Times, Spotify has considered this deal twice before and ended negotiations because it couldn’t agree on a price.

This time, however, TechCrunch says the sticking point is due to Spotify’s potential IPO plans and the licensing headache that could arise from acquiring SoundCloud’s remix-heavy catalog. Of course, if Spotify does go public this year, it’s possible the deal could be on the table again afterward.

Source: TechCrunch, Financial Times

Source: Engadget - Read the full article here

Author: Daily Tech Whip

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