Twitter Inc has invested about $70 million (roughly Rs. 470 crores) in Berlin-based music service SoundCloud, technology website Re/code reported citing people familiar with the deal.
Twitter confirmed the investment, but did not provide any financial details.
SoundCloud, a platform that enables people to upload and share music and other audio files, also confirmed that Twitter had made the investment.
Twitter's investment was part of a funding round expected to be in the range of $100 million, which would value SoundCloud at about $700 million, the Re/code report said.
The microblogging site has previously attempted to make a foray into music with the launch of Twitter Music in 2013, which was closed a year later. At the time, the company said that it would look for new ways to bring music based content to the service.
© Thomson Reuters 2016