New details emerge on Meta's $14.3B deal for Scale

Core Insights - Meta has entered into a deal to acquire 49% of AI startup Scale, valuing the company at over $29 billion, which is an unusual move in the industry [1] - The deal allows Scale to distribute proceeds to shareholders and employees, providing them with substantial liquidity while maintaining their shareholder status [1] Company Details - Scale's founder and CEO, Alexandr Wang, who dropped out of MIT at age 19, will be hired by Meta as part of the acquisition [2] - The payout structure indicates that investors, such as Accel, will receive dividends rather than selling shares, with Accel expected to receive $2.5 billion [2] - Scale was previously valued at $14 billion after raising $1 billion in a Series F funding round a year ago, making the current payout significant [2]