SoundCloud Nearing Lifeline Deal With Private Equity Firms (Report)

Read on: Variety

SoundCloud is nearing a deal to sell stakes in the company to two private equity firms, Bloomberg reported Saturday, citing unidentified sources familiar with the matter. According to the report, the investment will help keep the lights on at the cash-strapped streaming service for “the foreseeable future.” The two firms, which would be acquiring stakes separately,... Read more »