The German streaming service are apparently looking into various options including a sale of the business, according to Bloomberg
The founders and investors over at SoundCloud are apparently exploring options that could lead to a sale of the business. Bloomberg reports that the sale could lead to the company being valued at $1 billion.
A sale is apparently just one of many options the company are considering in order to boost profits and revenue from their 175 million users after launching their premium platform ‘Soundcloud Go’ earlier this year. At last valuation the company was apparently worth $700 million and they are yet to find a buyer who will value the company at their $1 billion estimate.
