08 Jul '11, 10am

Rising Twitter valued at $9.75b: Report

Rising Twitter valued at $9.75b: Report

The US micro-blogging website Twitter is gaining value and is now worth an estimated US$8 billion (S$9.75 billion), the New York Times reported. -- PHOTO: AFP NEW YORK - THE US micro-blogging website Twitter is gaining value and is now worth an estimated US$8 billion (S$9.75 billion), the New York Times reported on Friday. The newspaper, citing two people briefed on the matter, said the popular website is in the process of raising US$400 million in a deal that has provided the latest estimation of its value. The Wall Street Journal had reported a similar deal on Tuesday, putting the company's valuation at up to US$7 billion. The Times cited one of its sources as saying that the financing round will be led by DST Global, the investment firm headed by Russian billionaire Yuri Milner, and that previous investors, including the venture capital firm Kleiner Perkins Caufield & B...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

Tweets

Rising Twitter valued at US$8b: report

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