SoundCloud said close to sale of stakes to Raine Group, Temasek

SoundCloud said close to sale of stakes to Raine Group, Temasek

The SoundCloud Ltd. application is seen on an Apple Inc. iPhone in an arranged photograph in Washington, D.C., U.S., on Tuesday, July 18, 2017. Photographer: Andrew Harrer/Bloomberg

SoundCloud Ltd. is close to selling stakes to the Raine Group and Temasek Holdings, deals that would help stabilize the owner of the popular music-streaming service, according to people familiar with the matter.

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