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Soundcloud has been saved...

Started by Charlie Work, Aug 11, 2017, in Music Add to Reading List

  1. Charlie Work
    Posts: 14,879
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    Joined: Nov 28, 2014

    Charlie Work Level 5 Goblin

    Aug 11, 2017
    Cash-strapped SoundCloud gets new funds and top management

    [​IMG]
    The Raine Group LOL

    The company, which laid off 40 percent of its staff in July, said in a blog post that the financing was raised from media-focused investment bank Raine Group of New York and Singapore's sovereign wealth fund Temasek [TEM.UL].

    It did not disclose the amount or its terms. Raine and Temasek were not immediately available for comment.

    One source familiar with the investment said it amounted to around $170 million (144 million euros), as reported on Thursday by online news site Axios, which had obtained the deal's term sheet.

    http://www.reuters.com/article/us-music-soundcloud-idUSKBN1AR1U7?il=0
     
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  2. BluemerBluemer
    Posts: 31
    Likes: 35
    Joined: Aug 8, 2017

    BluemerBluemer

    Aug 12, 2017
    SoundCloud: Die Another Day
     
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    Apr 19, 2024
  3. Michael Myers
    Posts: 40,943
    Likes: 83,058
    Joined: Feb 28, 2011

    Michael Myers Moderator

    Aug 12, 2017
    f--- so soundcloud rappers stay active
     
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  4. Cunner
    Posts: 9,976
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    Cunner belter skelter

    Aug 12, 2017
    :rejoice:Old cacs are for the culture
     
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