Meta’s deal to partially acquire the AI startup Scale, giving it 49% ownership, is certainly unusual.
What Scale officially announced is that the deal values the company at over $29 billion and that it will “distribute” proceeds to shareholders and vested equity holders (aka employees) granting them with “substantial liquidity” while allowing them to continue as shareholders.
Meta is also hiring Scale’s famed founder CEO Alexandr Wang, who famously dropped out of MIT at age 19 to build the company, which offers AI training data verified by humans.
This might have sounded like Meta could buy shares from existing shareholders, but that’s not the case, sources told Bloomberg. Investors are getting dividends. For instance Accel, which backed the company early, should get a payout of $2.5 billion, Bloomberg reports. (We’ve asked Accel for comment.)
