Spotify Gives Up On His Plans To Acquire SoundCloud
In September appeared information that Spotify is in advanced talks to buy SoundCloud, but according to a source of TechCrunch, Spotify recently refused the deal. The source of TechCrunch, says Spotify has refused because of fear that the acquisition will negatively affect an IPO plans.
The complexity comes from the fact that SoundCloud has huge catalog of independent music that will bring with them logistical obstacles and costs that may not be the best move for Spotify, which intends to become a public company. Post from: GizBrain