How much the folks made with the sale of Youtube to Google
on Paidcontent.org this morning:
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.
