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> this was a strange way to do it. This was done partially because the company itself isn't raising money. If the company executives believed they would need
by TAForObvReasons 9y ago
> this was a strange way to do it.
This was done partially because the company itself isn't raising money. If the company executives believed they would need a large cash cushion, they would have tried to raise some cash in the deal, so they must believe they can reverse course before the cash crunch
- zer00eyz 9y agoIt wasn't about raising money - they had their hand forced by the last round of debt/equity deal that they did: https://www.recode.net/2018/1/3/16847786/spotify-tpg-tencent-debt-dragoneer-ipo-music-streaming https://www.recode.net/2018/1/3/16847786/spotify-tpg-tencent... Not that it is a great article but honestly that looks like a very messy transaction. It also looks like Spotify got the raw end of that deal. The whole thing is just crazy and I'm not sure how anyone can make sense of those numbers.