Twitter may be considering what could be its biggest acquisition yet.
Peter Kafka at Re/code reports that Twitter is mulling a deal to buy SoundCloud, a popular online community for sharing and discovering music. The deal is described as being tentative, at best.
A rep for SoundCloud declined to comment on the report. Twitter could not immediately be reached for comment.
SoundCloud was founded in Berlin in 2007 and has more than 250 million users. The company has raised well over $100 million in funding and is reportedly valued at $700 million.
Twitter has shown an interest in the music space before, launching its own Twitter Music app, which proved to be a flop. SoundCloud files already integrate into the social network through the use of Twitter Cards.
According to Kafka, the move may help Twitter expand its user base as growth on the social network slows, a key concern for investors in recent months.
Twitter acquired MoPub, a mobile advertising company, for more than $300 million shortly before it went public last year, marking its largest acquisition to date.
The company's stock was essentially flat in midday trading, following the news.