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Tencent, Spotify, China discussed on Acquired

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Yes tencent is a i think seven and a half percent shareholder of spotify they did a deal with tencent at the end of last year and a twenty seventeen where they essentially squat swapped equity stakes in spotify and with tencent music entertainment which is their spotify competitor in china and this spotify was never going to be able to watch china just like facebook and google heaven this is a way to get access to likewise tencent tencent music entertainment was not ever going to be dominant in the usa europe or the like this is the way to go global essentially for company so it makes sense that there'd be a lockup for for those well we're going to detect teams let's do it let's do it well mine in these ipo ones i want to broaden to sort of tech n investing theme this big the big one for me that that i think is the use your phrase that's been bandied about in the press a lot recently has been are we going to see more direct listings because you know if this can be a shift away from the sort of walled garden of wall street and paying the banker fees and you know having ingratiate yourself to that world which people have just railed on for you know a particularly silicon valley how dumb the processes i mean there's dekalb has done a lot of great interviews about how silly it felt to go do the exact same presentation eighty times on the road show and have to really be a dog and pony show and so to the extent where you know spotify can put up one stage presentation on that the video recorded and then everybody can just look at that and then they don't fly to new york and bring half the company and ring the gong and throw the parties and give the interviews like maybe this is the way of the future.

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