The Sun Might Be Setting On SoundCloud

The end may be nigh for music-streaming service SoundCloud.

Following persistent cash struggles and rumors that the service could be close to folding, it emerged a couple weeks ago that Soundcloud was set to secure new funding from two private equity firms. These subsequently turned out to be the Raine Group and Singapore’s Temasek.

Now, in a true "do or die" moment, SoundCloud’s existing shareholders have to accept a major reorganization or watch the company sink. According to a memo...


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