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Rumor Fact(ory): SoundCloud investor decision could come tomorrow

SoundCloud’s current financial struggles may be reaching their final act. Axios business editor Dan Primack has shared information from a missive reportedly sent to SoundCloud shareholders that said Friday is the do-or-die date for the company to accept or reject its present reorganization proposal. Primack claims that CEO Alexander Ljung said that if the proposal is rejected, SoundCloud may not be able ”to continue as a going concern.” Continue Reading

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SoundCloud updates: The noise, the exclusive, and the digital preservation efforts

Before the weekend, we recapped the activity surrounding SoundCloud and the outlook for its future. The company had issued an odd response to reporting by TechCrunch, and popular hip-hop performer Chance the Rapper said he “was working on” an effort to help the audio platform. Today, we have some further developments on both of those stories. Continue Reading

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Rumor Fact(ory): SoundCloud back in sale talks, reportedly with Deezer or Apple

The New York Post’s Claire Atkinson has put SoundCloud back into headlines. The streaming platform has been rumored as a sale target for months on and off. The Post is now reporting that “a host of players” are currently interested in taking over the company. Sources have most recently pointed to Deezer and Apple as possible buyers, with private equity firms also allegedly in the running. Continue Reading