Spotify is in 'advanced talks' to buy SoundCloud
Those rumors that SoundCloud is shopping itself around? They just got more substantial. Financial Times sources understand that Spotify is in "advanced talks" to buy SoundCloud. Details of the terms are still scarce at the moment, but it won't surprise you to hear that Spotify is declining to comment. We've asked SoundCloud for its take as well. A buyout would be expensive for Spotify, which is seeing a surge of paying customers but still isn't turning a profit. However, it would definitely make a sense from a strategic perspective.