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SPACs Flood Spotify Venture Capitalist With Offers That He’s Rejecting: Report

April 1, 2021
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The Swedish venture capitalist who over a decade ago ignored the skeptics and backed Spotify is now voicing skepticism toward blank check companies as he gets inundated by bids, Bloomberg reports.

Northzone’s Par-Jorgen Parson says he’s “been getting calls from many SPACs from all over the world wanting to buy our portfolio companies.” But as a model, the SPAC “is not very interesting” for Northzone, he said in an interview from Stockholm. Read more.

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