Details on Meta’s $14.3 billion acquisition of Scale have surfaced.
Alexandr Wang, the renowned founder and CEO of Scale, who famously left MIT at the age of 19 to start the business that provides AI training data that has been vetted by humans, is also joining Meta.
According to sources who spoke to Bloomberg, this does not imply that Meta would purchase shares from current shareholders.
TechCrunch has confirmed that dividends are being paid to investors. For example, according to Bloomberg, Accel, which invested in the business early on, ought to receive a $2.5 billion payout. (Accel chose not to respond.)
After raising a $1 billion Series F a year ago, Scale, which has dozens of sponsors, including Amazon and Meta, was last valued at $14 billion. Therefore, a dividend payment of this size is comparable to purchasing the business.
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