Bloomberg reports “SoundCloud Ltd.’s owners are considering a sale that could value the German music streaming company at $1 billion as it looks for ways to boost growth and profit from its user base, according to people familiar with the matter.

SoundCloud’s founders and investors, including investment firm Doughty Hanson & Co., are exploring strategic options for the company that could lead to a sale, said the people, who asked not to be identified as the discussions are private. While the owners have been thinking about a potential sale for some time, the deliberations are at an early stage and the company may decide against pursuing a deal, the people said.” Read More