4 ms·
While there are probably wrinkles^, the gist is that instead of 100% of waymo shares being owned by Alphabet, there are now 2.25B/current_valuation % shares own
by ajhsieh 7y ago
While there are probably wrinkles^, the gist is that instead of 100% of waymo shares being owned by Alphabet, there are now 2.25B/current_valuation % shares owned by the external investors. Alphabet shareholders now own (1-x%) of Waymo, but it will continue to be consolidated on Alphabets financial statements.
^ wrinkles might include different share classes of Waymo, rather than Alphabet stock, debt-like provisions that make the investment less like common stock ownership
- anoncareer0212 7y agodammit, does this imply that Alphabet stock grants can "leak" Waymo value while gaining nothing in return? (other than Ruth can have $1 bil less in expenses on next year's 10-Q?)
- frei 7y agoThe "leaked" Waymo value is supposed to be approximately equal to "added" value of the cash they raised. Theoretically, raising a round should not be a net negative for existing investors.