Waymo raises first external investment round

Re:Waymo raises first external investment round by ajhsieh on Monday March 02, 2020 @05:33PM (#22469783)

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

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Re:Waymo raises first external investment round by anoncareer0212 on Monday March 02, 2020 @09:12PM (#22471234)

dammit, 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?)

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Re:Waymo raises first external investment round by frei on Monday March 02, 2020 @09:50PM (#22471380)

The "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.

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