Google Acquires 51.2% Stakes of Burning Man Festival
According to mixmag website, world's leading search giant Google has acquired the majority share of Burning Man festival.
As per the report, Google proposes this offer on 31st March to take over majority stakes of the festival and organsers were agreed on it.
Google now owns 51.2 per cent of the festival, meaning it now has the controlling share and will be taking over logistics and the annual running of the event.
Though the amount of acquisition is still undisclosed, Pixr8 sources said the deal is around $1.2 billion.
There is no secret that Google founders have had a presence at the festival since its inception for years and Sergey Brin, and Larry even hired its first CEO (Eric Schmidt) back in 2001 based on how he managed at the week-long pilgrimage.
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