Wednesday, July 06, 2011

New Financing Values Twitter as High as $7 Billion - Amir Efrati and Spencer E. Ante - Social - AllThingsD

Not bad for a non-profit public service

Even as Internet companies such as Zynga Inc. and Groupon Inc. file to go public, Twitter Inc. is taking a different route: It is continuing to tap private investors.

The fast-growing Internet messaging service is currently in discussions to raise a new round of private financing, said people familiar with the matter. The move is set to raise hundreds of millions of dollars in a round valuing Twitter as high as $7 billion, said one of the people. It is unclear which investors are participating in the new round.

New Financing Values Twitter as High as $7 Billion - Amir Efrati and Spencer E. Ante - Social - AllThingsD

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