The news comes after a rough period for SoundCloud. After opening but never closing two potential acquisitions, first to Twitter and then to Spotify, in March, Soundcloud arranged a $70 million credit line to help the business continue to operate as it worked on closing a round of funding believed to be in the region of $100 million. - Ingrid Lunden, TechCrunch [via/web:http://streaming-tv.us]
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