Music and audio sharing platform Soundloud is in talks to add $150 million in funding at a $1.2 billion valuation. The new round would more than double the $123 million the company has received to date, and place SoundCloud in the rare group of tech startups - particularly in music - that are valued at more than $1 billion. SoundCloud is in the midst of negotiating licensing agreements with the major label groups, some have whom have been publicly skeptical of the company's monetization plans. A deal with Warner Music Group has been signed, reportedly in exchange for an ownership...

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