Source: Betaworks has a 5.5% stake in Hugging Face, worth ~$650M at its $11.9B acquisition price for stockholders; A.Capital says it could bag $1.5B on the sale (Yuliya Chernova/Wall Street Journal)
Betaworks’ early Hugging Face position is now a major paper windfall.
Techmeme points to a Wall Street Journal item saying Betaworks owns 5.5% of Hugging Face, valuing that stake at about $650 million at the reported $11.9 billion acquisition price for stockholders. A.Capital estimates Betaworks could ultimately collect $1.5 billion from the sale. The note frames the payout around Hugging Face’s transaction value and investor ownership, not product strategy or deal rationale. Techmeme's note
Techmeme points to a Wall Street Journal item saying Betaworks owns 5.5% of Hugging Face, valuing that stake at about $650 million at the reported $11.9 billion acquisition price for stockholders. A.Capital estimates Betaworks could ultimately collect $1.5 billion from the sale. The note frames the payout around Hugging Face’s transaction value and investor ownership, not product strategy or deal rationale. Techmeme's note
score 10