GOOGLE REPORTEDLY IN TALKS TO BUY SOUNDCLOUD FOR $500 MILLION USD

sound-cloud

Though rumors were swirling about a possible aqcuisition by Spotify,  Music Business Worldwide is reporting that Google is making a serious push to purchase the music hosting and streaming service for around $500. If the sale does go through the thee major labels how have ownership stakes in the service will get a nice pay day. Sony, Universal and Warner Music have 8-9 percent ownership in SoundCloud. Today’s report comes as another music service Pandora, looks to get acquired at some point this year by Sirius XM in the coming months.