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article imageBreaking: Details of Google's $1.65 Billion Purchase of YouTube Emerge

By malan     Feb 8, 2007 in Business
Founders, Financial Backers and even Employees share in huge stock rewards.
New documents surfaced Wednesday showing that the YouTube team including founders, executives, financial backers and employees received over 3.2 Million class A shares of stock in Google as part of the $1.65 billion purchase last year.
These documents were part of a filing Google made with the Securities and Exchange Commission. The paperwork offered a more detailed account than previously disclosed of the sale's beneficiaries. It's amazing to see exactly who the gigantic payout was split between the founders, backers and yes, even the employees.

Here's how the shares were spread out.
Chad Hurley: YouTube's chief executive
Shares: 694,087 shares (41,232 more shares put in trust)
Value: $345 million
Steven Chen: Co-Founder
Shares: 625,366 (68,721 more shares put in trust)
Value: $326 million
Jarwed Karim: Co-Founder
Shares: 137,443
Value: $64.6 million
Sequoia Capital: Venture Capital Backer
Shares: 941,027
Value: $442 million
Also included in the deal (and is this not the coolest thing ever?) were the companies employees, who (at least two dozen) also received shares of Google stock in the purchase.
This is an amazing way for the YouTube founders, backers and employees to build on the money they received for selling YouTube to Google. At the rate that Google is growing and innovating those shares could double, triple or quadruple in the coming years... or they could lose it all if the company goes under... but that is a long shot. ;)
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