Report: Twitter considering purchasing Soundcloud music-sharing service
Twitter is mulling plans to buy the German-based music-sharing service SoundCloud to fuel growth at the social network, the news site Re/code reported Monday.
The move would be a new effort by Twitter to get back into music after a failed attempt last year to launch a music-finding service.
The report suggested that such a deal, if consummated, would be expensive for Twitter, but would add a company with a customer base of 250 million, roughly the same size as that of the messaging platform.
SoundCloud recently raised some $60 million in venture capital, which would give the startup a value of some $700 million according to The Wall Street Journal.
Neither company has commented on the report.
[Image via Agence France-Presse]