Google Is Reportedly in Talks to Buy SoundCloud for $500 Million USD

After Spotify backed out.

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Music
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While it was rumored that Spotify was seriously looking into buying SoundCloud, that deal fell through because of the high $1 billion USD price tag. However, Music Business Worldwide is now reporting that Google might be interested in acquiring the music hosting and streaming site for a much lower $500 million USD. The report also includes information about the three major record labels that holds stakes in SoundCloud — Sony, Universal and Warner Music — who cumulatively own around 8 to 9 percent of the company.

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