Twitter Invests $70 Million in Streamer SoundCloud

Recode: Two years ago Twitter thought about buying SoundCloud, but ended up walking away from the music service. Now Twitter has bought a piece of SoundCloud instead. Twitter has invested around $70 million in the music service, as part of a round that should end up in the $100 million-range. The round is expected to value SoundCloud at about $700 million.