- Axios, Friday, August 11, 2017 2:13 PM
With its future at stake, streaming music firm SoundCloud is demanding that existing shareholders accept or reject a reorganization proposal by the end of the week. “If accepted, then the new
investment -- $169.5 million at a $150 million pre-money enterprise valuation -- also closes [Friday],"
Axios reports. “If rejected, then CEO Alexander Ljung suggests the company would
not be able ‘to continue as a going concern.’
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