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FT: Twitter mulled Pandora, Spotify bids

  • In addition to holding buyout talks with SoundCloud (before abandoning them), Twitter (TWTR) has mulled acquiring Pandora (currently worth $5B) or Spotify (recently valued at $4B+), the FT reports.
  • The paper adds Twitter never held talks with Pandora or Spotify - bidding for either company would likely involve Twitter making aggressive use of its richly-valued equity, much as Facebook has done to acquire WhatsApp and Oculus.
  • Re/code reported last month Twitter is thinking of buying SoundCloud. But the WSJ soon followed by stating Twitter backed out after concluding "the numbers didn't add up." The FT reports something similar.
  • COO Ali Rowghani is said to be leading Twitter's music push, as the company looks for way to both strengthen slowing user growth/engagement and burnish its credentials as a media hub.
  • The company recently partnered with Billboard to launch real-time charts that track the popularity of songs shared on Twitter.
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Comments (2)
  • manicdvln
    , contributor
    Comments (1162) | Send Message
     
    "The paper adds Twitter never held talks with Pandora or Spotify"

     

    LOL, THEN WHAT THE HELL IS THIS NEWS ABOUT? ANOTHER SENSATIONALIST BS WRITTEN BY SOME SHILL PAID BY SOME HEDGE FUND WHO HAS CALLS ON PANDORA.

     

    WHAT A LOAD OF CRAP THAT THIS RUMOR SHOWS UP SAME DAY WHEN PANDORA BAD METRICS AND DOJ PANDORA ROYALTY RATES ARE UNDER REVIEW.
    4 Jun 2014, 06:42 PM Reply Like
  • martell
    , contributor
    Comments (163) | Send Message
     
    breaking news that french e-commerce giant cnova files for an estimated $1billion us ipo in, renaissancecapital.com 30 mim a go casino group: creation of a major global e-commerce - Cnova
    4 Jun 2014, 06:59 PM Reply Like
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