The owners of SoundCloud, one of the world's largest music streaming services, are preparing for a sale that could fetch in excess of $1bn. Sky News has learnt that Raine Group and Temasek Holdings, the Singaporean state investment fund, have begun interviewing investment banks about a prospective auction of the company. Founded in 2007, SoundCloud provides artists with the tools to build their careers by providing them with an online home to publish their work. In total, more than 40 million artists have released 320 million tracks on the platform. A sale of SoundCloud would underline the scale of its turnaround in recent years,…
