While SoundCloud is reportedly saying its value is $1 billion, it is supposedly having issues locating a buyer that sees the company being worth the asking price. Even after the ad-free subscription service launch and Twitter’s investment of $70 million to allow the struggling platform to “enable SoundCloud to remain focused on building value for creators and listeners alike”, there seems to be a lot of uncertainty around the company, with investor Doughty Hanson & Co. “exploring strategic options”. We’ll continue watching for updates on this situation, but with an asking price of $1 billion, we might be waiting for an update for a long time.
H/T: Mixmag