SoundCloud Gets $75 Million Investment From Sirius

  • 📰 WSJ
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The new investment amounts to a vote of confidence in SoundCloud, which was on shaky ground less than three years ago

SoundCloud Ltd. will take a $75 million shot in the arm from satellite-radio giant Sirius XM Holdings Inc. in exchange for a minority stake and two board seats at the audio-sharing platform, the companies said.

The money amounts to a vote of confidence in SoundCloud, which was on shaky ground less than three years ago before it landed $170 million in funds from boutique investment bank Raine Group and Singapore investment company Temasek to stay afloat.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

SoundCloud

Framed in the hair color and fingernails is beautiful face with a lost look?

Why the hell are you using Billie Eilish as your cover photo

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SiriusXM Makes $75 Million Investment in SoundCloudSiriusXM Holdings has invested $75 million in SoundCloud, the open audio platform beloved by musicians that has struggled to find a place in a the streaming-service hierarchy. SoundCloud will use t…
Source: Variety - 🏆 108. / 63 Read more »

SiriusXM Makes $75 Million Investment in SoundCloudSiriusXM Holdings has invested $75 million in SoundCloud, the open audio platform beloved by musicians that has struggled to find a place in a the streaming-service hierarchy. SoundCloud will use t…
Source: Variety - 🏆 108. / 63 Read more »

Gisou Poised for Multimillion-Dollar Growth With Vaultier7 InvestmentThe luxury, honey bee-inspired hair-care brand founded by the influencer Negin Mirsalehi is gunning for revenues of $100 million-plus after investment from Vaultier7.
Source: wwd - 🏆 24. / 68 Read more »