Startup accelerator Y Combinator announced this evening that it has reached an agreement for acquisition by venture capital firm Andreessen Horowitz for a record-shattering $266 billion.
Former YC President Sam Altman (who is now executive financier at Andreessen Horowitz) reportedly began talks with the firm in late January, with negotiations spanning the next three months an the final deal being settled upon as recently as last week.
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Via Marylene Delbourg-Delphis, Tammie Nemecek