Meta acquires 49% stake in Scale for $14.3B, valuing company at $29B
From Yahoo Finance: 2025-06-13 17:35:00
Meta has acquired a 49% stake in AI startup Scale, valuing the company at over $29 billion. Proceeds will be distributed to shareholders and employees. Scale’s CEO, Alexandr Wang, known for dropping out of MIT to build the company, will join Meta. Investors like Accel stand to receive a $2.5 billion payout.
Scale AI, with backers like Amazon and Meta, was last valued at $14 billion. The dividend payout to investors, like Accel, is significant. This deal, akin to buying the company, awaits regulatory approval.
Read more at Yahoo Finance: New details emerge on Meta’s $14.3B deal for Scale