SoundCloud Gets $75 Million Investment From Sirius

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.

SoundCloud

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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…
مصدر: Variety - 🏆 108. / 63 اقرأ أكثر »

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…
مصدر: Variety - 🏆 108. / 63 اقرأ أكثر »

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