// IP Marketing video - START// IP Marketing video - END

Twitter considering SoundCloud buyout: report

Twitter considering SoundCloud buyout: report

PanARMENIAN.Net - Twitter is reportedly planning its second attempt to penetrate the music market, Digital Spy said.

According to Re/code, the microblogging service is considering purchasing online audio distribution platform SoundCloud.

With support from indie artists and established acts alike, SoundCloud presents a good opportunity for Twitter to capitalise on the audio platform's 250m+ membership count and widely-used music embeds.

It's unclear how much the Berlin-based company expects in any takeover deal, although a self-valuation earlier this year priced SoundCloud at $700m.

Twitter is still recovering from the failure that was Twitter #Music, which closed down in April.

The music discovery app was introduced last year as a platform for song recommendations based on the accounts users follow. It was also a place to stream tracks in-app through platforms such as Rdio, Spotify and iTunes.

Despite tweaks along the way, the service failed to get off the ground and reports as early as October suggested the app's closure was imminent.

 Top stories
Apple's application for an "Electronic accessory device" describes the company's take on an oft-attempted, but never fully realized idea.
The deal may be months away from being finalized, but Spotify is said to have cleared this particular clause with major record labels.
Much like real synapses, the algorithm (Elastic Weight Consideration) decides how important a given connection is to its associated task.
many of the songs, albums, and movies are all recent releases, which speaks to the popularity of that content and increased Android growth.
Partner news