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===Licensing Negotiations and Twitter Partnership (2014β2015)=== SoundCloud announced in January 2014 that it had commenced licensing negotiations with major music companies to address unauthorized, copyrighted material regularly appearing on the platform. The announcement followed a round of funding in which US$60 million was raised, resulting in a $700 million valuation. In March 2014, Twitter announced it would partner with SoundCloud in developing its first integrated music app. However, the project never moved forward because SoundCloud could not accommodate licensed music due to a lack of necessary arrangements with music labels. In May 2015, reports emerged that Twitter was considering acquiring SoundCloud for approximately $2 billion, though the acquisition never materialized. In September 2016, Spotify was also reported to be exploring a purchase of SoundCloud, but abandoned those efforts by December 2016.
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