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SoundCloud Accepts $170 Million Rescue, Taps New CEO

Discussion in 'Article Discussion' started by Melody Bot, Aug 11, 2017.

  1. Melody Bot Aug 11, 2017
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    SoundCloud has taken $170 million in new funding and now have a new CEO, Billboard reports:


    The struggling digital music service today secured a fresh round of funding that assures SoundCloud will remain independent, even as a new executive team takes over to steer the service into the future.

    The Raine Group, a boutique merchant bank, joined with the Singapore-based investment company Temasek, in leading a $169.5 million investment round that infuses SoundCloud with much-needed cash.

    Former Vimeo CEO Kerry Trainor succeeds founder Alex Ljung as chief executive, and Michael Weissman, another former executive at the video platform, was named SoundCloud’s chief operating office
    ​

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  2. Malatesta Aug 13, 2017
    Malatesta

    i may get better but we won't ever get well Prestigious

    suspect it's too little, too late, but we'll see