Earlier this week we reported on claims that SoundCloud was in negotiations to sell a majority share in the company to two private-equity groups.
At the time they were unnamed, but it didn’t take long for journalists to ferret out the details.
Merchant bank Raine Group and Singaporean state-investment firm Temasek Holdings are the companies named by Bloomberg as the potential investors, with Raine’s investment potentially closing as soon as this week according to its report.
Raine has previously invested in Vice Media, Machinima and Tastemade in the online-video world, and Dubsmash and Starmaker in the music sector. Meanwhile Temasek’s investments include a stake in Alibaba Group.