Twitter invests $70m in SoundCloud two years after walking away from $1bn deal 

There’s no inklings on what the new investment will be used for, but Twitter CEO Jack Dorsey confirmed the news, saying: “Earlier this year we made an investment in SoundCloud through Twitter Ventures to help support some of our efforts with creators.”

The two companies have worked together on streaming Audio Cards, which allows users discover and listen to audio directly within their Twitter timelines.

Source: Twitter invests $70m in SoundCloud two years after walking away from $1bn deal – Music Business Worldwide

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