New Delhi, Oct. 23 -- Mark Zuckerberg's battle with Meta Platforms' board of directors over voting control, compensation and a proposed new class of shares ended in a compromise after months of tense negotiations, according to a company filing released on Wednesday.

The dispute exposed the challenges facing the $1.7 trillion technology company as it ramps up spending on artificial intelligence (AI) while trying to preserve its founder-led management structure.

The negotiations began late last year when Meta's management and board concluded that the company would need substantial additional funding to pursue its AI ambitions. Creating a new class of stock emerged as a potential solution, allowing Meta to raise capital, fund acquisitions ...