Reported 1 day ago
Meta's acquisition of a 49% stake in AI startup Scale, valued at over $29 billion, includes plans for significant dividend distributions to shareholders and employees. The deal sees the hiring of Scale's co-founder and CEO Alexandr Wang, and is characterized as an unusual investment structure that could resemble a buyout. The payouts, including a substantial $2.5 billion to early investor Accel, raise questions on regulatory approval.
Source: YAHOO