Twitter invests US$70m in SoundCloud music service

New York

TWITTER has invested about US$70 million in the streaming music service SoundCloud in a deal that may help both companies attract more users.

Jack Dorsey, Twitter's chief executive, confirmed the company's investment in a statement to the technology news site Recode on Tuesday.

He did not specify the amount, and a spokeswoman for Twitter declined to comment. But the figure was confirmed by a person who had been brief…