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YouTube Founders Got $650 Million in Shares; Sequoia Got $442 Million; Nothing For Music Labels?

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Updated below: This is based on the $470.01 closing share price of Google on Wednesday. Google did an SEC filing today which detailed the shares split between the three YouTube founder and investor Sequoia, among others, for the total $1.65 billion acquisition deal, reports WSJ.
—Chad Hurley received 694,087 Google shares and another 41,232 shares in a trust. Based on Google’ market price of $470.01, that values Hurley’s stake at $345.6 million.
—Co-founder Steve Chen received 625,366 Google shares and another 68,721 in a trust, indicating his stake is valued at $326.2 million.
—Jawed Karim, the third co-founder, received 137,443 Google shares, with an indicated value of $64.6 million.
—Sequoia Capital’s holdings include 941,027 Google shares as part of its Sequoia Capital XI fund, with an indicated current value of more than $442.3 million.
—In total, Google registered about 3.23 million Class A shares to issue to former YouTube stockholders in connection with the acquisition of the video site, according to the filing.
Reuters: At least two dozen YouTube employees received lesser share amounts. For example, Julie Supan, YouTube’s principal spokeswoman, received 10,308 shares worth around $4.8 million.
Lots and lots of more interesting names—including Larry Probst, CEO of EA, and Maury Povich—who received Google shares in the SEC filing here.
Updated: Just had the thought…there were a slew of stories right before and after YouTube’s acquisition announcement by Google last year about some big music labels getting a small share in YouTube, and could be worth as much as $50 million…this NYT story said that Vivendi’s Universal Music Group, Sony BMG , and the Warner Music Group each quietly negotiated to take small stakes in YouTube as part of the music and video licensing deals they did. But nothing in the SEC filing on the payments/stocks to these companies. Not sure of the intricacies of how it would, could and did work, but did this mean a music deal was never signed or possibly that direct stock wasn’t included? Just posing the question.
Related: UMG, SONY BMG, WMG Have Small Stakes In YouTube: Report

Feb 8, 2007 12:17 AM ET

Posted In: Companies, Google, YouTube

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