Twitter Reportedly No Longer in Talks to Purchase SoundCloud

Soundcloud

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So much for that song and dance

Twitter has backed out of talks to buy SoundCloud, the popular online community for sharing and discovering music, according to a report Tuesday in The Wall Street Journal. The publication quotes an anonymous source who says simply “the numbers didn’t add up.”

See also: Twitter: What to Expect in 2014

Re/code and Der Speigel are also reporting that Twitter allowed an exclusive period for acquisition talks to expire

The news comes one day after Re/code first reported that Twitter was considering an acquisition of SoundCloud. The deal would likely have been Twitter’s largest acquisition by far as SoundCloud most recently had a valuation of $ 700 million. Read more…

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