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Spotify no longer purchasing Soundcloud - Magnetic Magazine

Spotify no longer purchasing Soundcloud

Rumored to go public in 2017.
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Earlier this year in September, news emerged that Spotify was in advanced talks to purchase Soundcloud. The source at TechCrunch told them "it doesn’t need an additional licensing headache in a potential IPO year.." 

Spotify is rumored to go public in 2017, and it is speculated that they had decided to back out because of "the complexity and financial cost that comes with negotiating with music labels... that has a far larger catalog of tracks than other services because it caters to creatives, indies and remixers." 

More information about Spotify and Soundcloud can be found via TechCrunch

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