Tuesday, August 7, 2012

Google Slaps $100M Golden Handcuffs On Wildfire To Retain Employees After $350M Acquisition

Google Wildfire Golden Handcuffs DoneAfter buying social marketer Wildfire for $350 million, Google wants to ensure it keeps earning money and the employees don't bail. That's why Google set up $100 million in earn-outs and retention bonuses, multiple sources confirm. One, an investor I spoke to directly, verified the $350 million price tag we published last week and that the golden handcuffs amount to $100 million, twice the $50 million we and others expected. The money could keep Wildfirers from straying to competitors or seeking new adventures in startup-land.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/EtjSDqLNAC4/

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