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Spotify is in 'advanced talks' to buy rival SoundCloud

Nathan McAlone   

Spotify is in 'advanced talks' to buy rival SoundCloud
Tech1 min read

Daniel Ek Spotify

Louis Lanzano/Bloomberg

Daniel Ek, chief executive officer of Spotify Ltd., speaks at a news conference in New York, U.S., on Wednesday, Nov. 30, 2011.

Music streaming giant Spotify is in "advanced talks" to buy SoundCloud, a rival streaming service famous for catapulting early bands to stardom, the FT reports.

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