SoundCloud Is For Sale, But They’re Having Trouble Finding A Buyer

SoundCloud_logo (1)SoundCloud is finally starting to seriously monetize their content, but profitability is still just a distant hope.  That sent the startup in search of funds; and in June, SoundCloud raised $70 million from Twitter in a $100 million funding round at reported valuation of $700 million. Now Soundcloud is for sale.

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SoundCloud is quietly exploring a sale, according to sources familiar with the matter. They've brought aboard investment firm Doughty Hanson & Company to explore their options.

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But SoundCloud is not getting much interest in large part because the founder are now valuing the company at $1 billion, two sources tell Bloomberg. SoundCloud and Doughty Hanson didn’t immediately respond to a request for comment.