Home Music Report: Spotify Not Buying SoundCloud After All

Report: Spotify Not Buying SoundCloud After All

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Spotify won’t be acquiring rival music streaming platform SoundCloud after all, TechCrunch reports. Rumors that a deal was in the works were reported by the Financial Times back in September, but Spotify “doesn’t need an additional licensing headache in a potential IPO year,” a source at the company told TechCrunch.

The licensing headache, of course, is the innumerable label…