Twitter could reap a nice windfall from Spotify buying SoundCloud (TWTR)
|09/29/2016||Posted by BusinessMediaguide.Com under General World News||
Spotify’s potential acquisition of music streaming service SoundCloud could benefit another struggling internet company: Twitter.
On Wednesday The Financial Times reported that Spotify is in “advanced talks” to acquire SoundCloud for an undisclosed sum.
An acquisition would presumably be good news for SoundCloud, which has struggled to gain traction with its paid streaming service. For Spotify, it would take one more competitor off the market and give the music giant access to SoundCloud’s large catalog of 125 million songs.
So where does Twitter come in?