Twitter Reportedly No Longer in Talks to Buy SoundCloud

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SoundCloud Global Meetup Day in Cordoba, Argentina in 2011.

Image: Flickr, juannomore

By Seth Fiegerman2014-05-20 21:43:11 UTC

So much for that song and dance.

Twitter has backed out of talks to buy SoundCloud, the popular online community for sharing and discovering music, according to a report Tuesday in The Wall Street Journal. The publication quotes an anonymous source who says simply "the numbers didn't add up."

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Re/code and Der Speigel are also reporting that Twitter allowed an exclusive period for acquisition talks to expire.

The news comes one day after Re/code first reported that Twitter was considering an acquisition of SoundCloud. The deal would likely have been Twitter's largest acquisition by far as SoundCloud most recently had a valuation of $700 million.

SoundCloud declined to comment on this story. Twitter did not immediately respond to our request for comment.

Topics: Business, soundcloud, Twitter