eDealTimes Blog

Tuesday, February 27, 2007

YouTube founders split $650M payout

Google details the payout from its $1.65 billion acquisition of the popular online video service. Chad Hurley, CEO of YouTube, received 694,087 shares of Google (Charts) worth around $326 million, and Steve Chen received Google common stock valued at a similar amount, including 625,366 shares directly owned and another 68,721 shares in a trust

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