Hello there and welcome back again to Equity, TechCrunch’s venture funds-focused podcast in which we unpack the numbers behind the headlines.
This is Fairness Monday, our weekly kickoff that tracks the hottest big news, chats about the coming 7 days, digs into some recent funding rounds and mulls more than a larger theme or narrative from the private marketplaces. You can follow the clearly show on Twitter listed here, and myself below, and do not forget about to verify out last Friday’s episode.
As you in all probability expected, we experienced a ton to say about the TikTok -Microsoft tie-up that is somehow continue to afoot. Other items transpired far too, don’t get worried. Here’s the rundown:
- The TikTok-Microsoft deal is back again on.
- Lordstown Motors is on the lookout to go general public through a SPAC. To which we have to say that the EV increase and SPAC crush are heading to fuse and lose some folks a large amount of revenue. Not this offer, necessarily, thoughts.
- Google is dumping income into ADT as aspect of a Nest offer.
- And Zoom’s latest transfer concerning the Chinese marketplace feels like a harbinger of situations to occur.
- On the TikTok entrance, Microsoft under no circumstances truly fully abandoned purchaser components and application, it just pruned deeply below its latest CEO Satya Nadella. Windows Mobile phone? Gone. Surface area? Even larger than at any time. Mixer? No. Bing? Yep. That sort of issue. And Microsoft, like any present day tremendous-system, does not just want to personal your time when you are at get the job done. It would like to burn your eyes out about the clock.
- For a host of ByteDance backers like Yuri Milner, Sequoia Funds China, Standard Atlantic, SoftBank, and Goldman Sachs and Morgan Stanley, the deal could be somewhat rewarding, we presume.
- Rounds for Wejo (coverage below), Lezzoo (protection right here), and Feather (protection listed here).
- Lastly, why does Microsoft want to acquire TikTok? We experienced a range of ideas that all kind of summed to probably, but when we ran as a result of the significant tech providers that were feasible suitors — ports in the Trump storm — perhaps Microsoft would make far more perception than we would have guessed?
What ever the scenario, we just cannot wait around until eventually Satya announces the deal by dancing and pointing at textual content on a display screen although carrying something foolish.
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