THE NEWS WRAP: Twitter gets musical with proposed deal to buy SoundCloud

Twitter is considering a deal to buy music and audio-sharing service SoundCloud.

 

If the proposed deal goes ahead, it will be Twitter’s largest acquisition ever.

 

At the beginning of the year, SoundCloud announced a $60 million funding round that valued the company at $700 million.

 

YouTube to acquire Twitch


Google-owned YouTube has agreed a deal to buy popular videogame–streaming service Twitch for more than $1 billion.

 

The acquisition would be the most significant in the history of YouTube.

 

Twitch lets users upload and watch free, live gameplay videos streamed from Microsoft Xbox One and Sony PlayStation 4 consoles.

 

It claims it has more than 45 million monthly users.

 

Chinese military unit charged with cyber-espionage

 

Five members of the Chinese military have been accused by the US Justice Department of conducting economic cyber-espionage against American companies.

 

It’s the first time the United States has brought such charges against members of a foreign country’s military.

 

The Justice Department says the hacking occurred for no other reason than to give a competitive advantage to Chinese companies.

 

Overnight


The Dow Jones Industrial Average is up 20.55 to 16,511.86. The Australian dollar is currently trading at US93 cents.

Trending

COMMENTS

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments