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Published · transcript-backed

David Rosenthal: uncertainty

9 Dec 2019 Acquired TikTok

“I don’t know, I don’t believe Facebook was involved in this round but Kuaishou, the original short-form video platform in China, and Tencent are really interested in acquiring the company at this point in time.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
uncertainty
Recorded
9 Dec 2019
Publisher
Acquired
Episode
TikTok

Transcript context

…Shot across the bow, too. Yeah. It’s a shot across the bow. We’re now towards the end of 2017. Musical.ly has been struggling mightily in this big effort for the year to enter China, so they’re ready to re-entertain acquisition talks. I don’t know, I don’t believe Facebook was involved in this round but Kuaishou, the original short-form video platform in China, and Tencent are really interested in acquiring the company at this point in time. Remember, Tencent is a big investor and an acquirer of content all around the world, not just in China. Owner of Riot Games, League of Legends, investor in Epic Games and Fortnight and so many other things. And actually, amazingly, when you look over at ByteDance, somehow that company has never taken investment from Tencent or Alibaba.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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