Earlier this year, Soundcloud were forced to close down two of their offices, and lay off a reported 40% of their entire staff, cutting the workforce from 420 to 250, prompting many to fear for the streaming service’s future in a major way. Soundcloud has been responsible for some of music’s biggest breakthrough acts in recent years, with the likes of Kehlani and Bryson Tiller starting their rise to success on the website.

Now, however, Bloomberg reports that the company is close to selling off huge stakes to stay in business. The investment comes from the New York-based Raine Group, a boutique bank, who have previously had ties to the likes of Vice Media and Singapore’s Temasek Holdings. If all goes well, it is though that it could be a matter of days, rather than weeks, before a deal is announced.

Although no official figure has been mentioned yet, it is thought that it is substantially more than was expected, with Soundcloud reportedly willing to settle for a substantially low offer earlier in the year. It’s remarkable to think that the streaming service was valued at $750 million dollars at it’s peak in 2014, and are looking for a figure of between $100 million (£76 million) and $250 million (£188 million) in order to stay afloat.

Despite it’s often-disastrous financial situation, big companies clearly still see value in Soundcloud, best exemplified in 2016, when Spotify were willing to drop £535 million to take the company over, before talks fell apart.

UK & EUROPE TOUR with @sza tickets on sale this friday on https://t.co/gVhHWp9SEl pic.twitter.com/Dkm4ljuzvj

— tiller (@brysontiller) July 10, 2017

Tiller released an in-depth tour poster through his Twitter page. The tour begins in Marseille, France on October 17, and will culminate with 6 dates in the UK and Ireland at the end of November. The tour also includes two massive dates at London’s famous Hammersmith Apollo.

The tour announcement follows new music from both Tiller and SZA, who released new music in May and June, respectively. Tiller’s second album True to Self, the follow-up to 2015’s platinum selling Trapsoul, was given a surprise overnight release, having initially been slated for a June release.

Tiller also joined the likes of Chance the Rapper, The Weeknd, and Skepta in playing London’s Wireless Festival last weekend.

SZA meanwhile released her much-anticipated debut LP Ctrl last month, to glowing reviews, and continues the pattern of every TDE label member releasing a project in 2017, following Kendrick Lamar’s DAMN in April.

It is strongly believed the Schoolboy Q will be the next to step to the plate, with the sequel to last year’s fantastic Blank Face LP, with the 30-year-old MC taking to social media to proclaim “Euros, pounds, and sum moe s-it!!! BLANKFACE TOUR IS OVER…. new album 2017 f-ck a break I’m already ready.”