Meta is acquiring a 49% stake in AI startup Scale, a deal that values the company at over $29 billion. This acquisition will allow Scale's shareholders and employees to receive significant liquidity while still retaining ownership. The founder, Alexandr Wang, is also joining Meta as part of this agreement. Interestingly, instead of buying shares, investors will get dividends; for instance, early backer Accel is expected to receive $2.5 billion. The valuation comes after a $1 billion Series F funding, indicating rapid growth and interest from major tech players.
Meta's acquisition of 49% of Scale, valued at over $29 billion, grants liquidity to shareholders while maintaining their ownership status.
Scale's deal means employees and shareholders will receive substantial payouts, allowing investor Accel a $2.5 billion dividend post-valuation increase.
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