Music Business Worldwide has written an article that Google is currently looking to purchase Soundcloud.
Spotify and Twitter were both in talks to purchase the website, but both were eventually deterred from the $1 billion price tag. MBW is now claiming that Soundcloud could sell for $500 million by Google.
The report also calculated how much shareholders -Universal, Sony, and Warner Music- would receive from the deal. Considering their shares are around 8-9%, they could be receiving around $45 million on a $500 million sale.
More details are sure to come if this deal goes further. Read the full article here.