Windfall For YourTube Founders after Google Deal

12 February 2007

SAN BRUNO, California: Video-sharing website YouTube's founders and intitial investors are millions of dollars richer following the business's £1.65 billion (€1.31bn; £883m) acquisition by Google last year.

A regulatory filing by the web search titan with the Securities and Exchange Commission, has revealed YouTube's three founders and main financial backer received the biggest windfalls in the form of Google shares.

Ceo Chad Hurley's slice is valued at more than $345 million. Fellow founders Steven Chen and Jawed Karim pocketed $326m and $64.6m respectively, while Sequoia Capital's investment yielded around $442m in shares.

Data sourced from USA; additional content by WARC staff