Keep It Under Your Hat: Valuation Caps and the $650 Million Sale of MySpace for $125 Million
Gust
NOVEMBER 4, 2011
There were two distinct classes of employee equity (issued by Intermix and MySpace, respectively) with different valuation and vesting situations—and, most significantly, a $125 million valuation cap applied to the buyout of MySpace equity that was triggered by the acquisition of Intermix. Read on for a fuller explanation.
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