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SoundCloud Reportedly Sets Floor Price for Potential Buyers

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Billboard reports: “Can SoundCloud weather this storm? The Berlin-based streaming audio platform is reportedly running out of money, and with recent efforts to raise capital coming up short, may consider selling for far less than what it was valued at just three years ago. According to Recode, SoundCloud has been trying to raise more than $100 million since last summer, meaning right after it launched an on-demand streaming service to compete with Spotify and others.”

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