SoundCloud Saved By Last-Minute $170M Investment
(ArtsJournal Theatre)

Rumors of the site`s imminent collapse had been floating for weeks, and 40% of its staffers were laid off in early July. `The [new] funding comes from two firms, The Raine Group - which also holds stakes in Vice Media and C3 Presents, the owner of Lollapalooza - and Temesek Holdings, a state-run Singaporean holding […]