SoundCloud looking to raise $150 million at $1.2 billion valuation
SoundCloud is in discussions to raise new funding to the tune of $150 million at a valuation of more than $1.2 billion, The Wall Street Journal reported. According to two sources familiar with the negotiaions, the music platform is looking to raise money as it works to secure licensing deals with major labels. If SoundCloud successfully secures its high valuation and large funding, then it may be in a better position to play ball with Universal Music Group or Sony Music Entertainment. Continue Reading
