SoundCloud lives. A new $170 million round of funding from a boutique merchant bank called The Raine Group and Temasek, a Singapore investment company, will allow the company to continue, although CEO Alex Leung is now SoundCloud’s ex-CEO.
The new man in charge is Kerry Trainor, the former CEO of Vimeo, the online video site.
So how are they going to turn things around? Read the report at Billboard.