The two companies are said to be in advanced talks, but there is no official confirmation yet. Spotify would benefit from SoundCloud's rich indie collection, but there could be more to such a deal.
Spotify and SoundCloud are two big names when it comes to online music streaming, and they could become one quite soon. While nothing is official yet, insiders familiar with this matter claim that the two companies are negotiating a deal that would enforce Spotify's position as leader of the market.
Unfortunately, there is no detailed information about the value or reasons behind such a move, but some things can be easily guessed. Once taken over by Spotify, SoundCloud could provide a wide range of independent music, as well as a rich set of social features. Twitter has purchased a $70 million stake in SoundCloud earlier this year, so remains to see what happens after all.
Compared to the second name in the market, namely Apple Music, Spotify has a very large advantage. While the online music streaming service of the Cupertino-based company has 17 million users, Spotify has no less than 40 million subscribers.
Codrut Nistor - Senior Tech Writer - 5999 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
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