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March 29, 2015 6:49 AM ET

Internet Software and Services

Company Overview of SoundCloud Ltd.

Company Overview

SoundCloud Ltd. operates SoundCloud, an audio platform that enables customers to create, record, promote, and share their originally-created sounds across the Internet. It allows sound creators to instantly record audio on the site or through mobile applications, and shares them publicly or privately; embed sound across Websites, social networks, and blogs; and receive feedback from the community. The company was founded in 2007 and is based in Berlin, Germany.

Rosenthaler Straße 212-213

Berlin,  10405

Germany

Founded in 2007

Phone:

49 30247 81000

Key Executives for SoundCloud Ltd.

Co-Founder, Chief Executive Officer and Managing Director
Age: 31
Co-Founder and Chief Technology Officer
Age: 33
Compensation as of Fiscal Year 2014.

SoundCloud Ltd. Key Developments

SoundCloud Reportedly Raising Funds

SoundCloud Ltd. is planning to the raise funds. The company is reportedly raising $150 million in new funding round. According to the news report, following the funding round, the company is expected to value around $1.2 billion.

SoundCloud Nears Deal With Record Labels

SoundCloud Ltd. is close to a deal with Universal Music Group, Inc. Sony Music Entertainment Inc. and Warner Music Group Corp for licenses to continue playing their songs and avoid potential legal disputes, Bloomberg reported citing people with knowledge of the matter. SoundCloud is in return negotiating offering a 3% to 5% stake to the companies as well as a percentage of future revenue, the website reported.

Twitter reportedly Eyeing SoundCloud, Pandora Media And Spotify

Twitter, Inc. (NYSE:TWTR), which is planning to acquire SoundCloud Ltd., is also planning to acquire Pandora Media, Inc. (NYSE:P). The news report said cited people as saying that Twitter has been considering buying Pandora Media and Spotify Limited. According to the news report, Twitter and SoundCloud could not be immediately reached for comment.

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