YouTube.com founders split $650 million

Iria · Feb 8, 2007, 03:51 PM

Source: MSNBC
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NEW YORK - Two of YouTube’s founders stand to divide shares of stock now valued at around $650 million, Web search leader Google Inc. said in a regulatory filing on Wednesday detailing the payout from its $1.65 billion acquisition.

Chad Hurley, chief executive of the online video sharing phenomenon YouTube, received 694,087 of Google common stock worth around $326 million, according to the U.S. Securities and Exchange Commission filing.

Co-founder Steve Chen received Google common stock valued at a similar amount, including 625,366 shares directly owned and another 68,721 shares held in a trust.

Feb 8, 2007, 03:51 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	YouTube.com founders split $650 million Source: MSNBC _________ NEW YORK - Two of YouTube’s founders stand to divide shares of stock now valued at around $650 million, Web search leader Google Inc. said in a regulatory filing on Wednesday detailing the payout from its $1.65 billion acquisition. Chad Hurley, chief executive of the online video sharing phenomenon YouTube, received 694,087 of Google common stock worth around $326 million, according to the U.S. Securities and Exchange Commission filing. Co-founder Steve Chen received Google common stock valued at a similar amount, including 625,366 shares directly owned and another 68,721 shares held in a trust.