Twitter may be considering what could be its biggest acquisition yet. Peter Kafka
at Re/code reports that Twitter is mulling a deal to buy SoundCloud, a popular online
community for sharing and discovering music. The deal is described as being tentative,
at best. A rep for SoundCloud declined to comment on the report. Twitter could not
immediately be reached for comment. SoundCloud was founded in Berlin in 2007 and
has more than 250 million users. The company has raised well over $100 million in
funding and is reportedly valued at $700 million. Twitter has shown an interest in the
music space before, launching its own Twitter Music app, which proved to be a flop.
SoundCloud files already integrate into the social network through the use of Twitter
Cards.According to Kafka, the move may help Twitter expand its user base as growth
on the social network slows, a key concern for investors in recent months.Twitter acquired
MoPub, a mobile advertising company, for more than $300 million shortly before it went
public last year, marking its largest acquisition to date.