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Financial Times: ‘Spotify in Advanced Talks to Buy SoundCloud’

Matthew Garrahan, Madhumita Murgia, and James Fontanella-Khan, reporting for the FT: Spotify, the music streaming service, is in advanced talks to acquire SoundCloud, as competition heats up with Apple for the future of digital music, said people briefed on the discussions. SoundCloud, which raised $100m in June from a group of investors including Twitter, was last valued at about $700m.
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