From CNET: Twitter has over the last several months considering buying music streaming companies but subsequently backed off the idea, according to a new report.
Twitter has bounced around the idea of acquiring Soundcloud, Spotify, and even Pandora recently, according to the Financial Times, citing people who claim to have knowledge of the talks. Twitter got as far as holding acquisition talks with Soundcloud before backing out over concerns with copyright obligations and profitability in audio ads.
Twitter never held conversations with Spotify or Pandora, the Financial Times says.
That Twitter was at least considering acquiring a music streaming service isn't all that surprising. The company last year launched its standalone #Music streaming app. After experiencing months of practically no demand for the service, Twitter abandoned the service earlier this year. It was reported at that time that Twitter would instead go after partnerships with music services, including the now-Apple-owned Beats Music, SoundCloud, and music video service Vevo.
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