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.



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


Notify of
Inline Feedbacks
View all comments
SmartCompany Plus

Sign in

To connect a sign in method the email must match the one on your SmartCompany Plus account.
Or use your email
Forgot your password?

Want some assistance?

Contact us on: or call the hotline: +61 (03) 8623 9900.