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Spotify is in 'advanced talks' to buy rival SoundCloud

Nathan McAloneSep 29, 2016, 02:14 IST

Daniel Ek, chief executive officer of Spotify Ltd., speaks at a news conference in New York, U.S., on Wednesday, Nov. 30, 2011.Louis Lanzano/Bloomberg

Music streaming giant Spotify is in "advanced talks" to buy SoundCloud, a rival streaming service famous for catapulting early bands to stardom, the FT reports.

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