Twitter valued at $1billion
Social networking site Twitter has entered into a deal with…
September 26, 2009 10:00 by kippreport
Social networking site Twitter has entered into a deal with venture capitalists which has valued the company at $1billion, reports Bloomberg, citing unnamed sources close to the deal. Twitter reportedly received $100 million in the deal, and investors include T. Rowe Price Group Inc, Insight Venture Partners, Spark Capital, Institutional Venture Partners and Benchmark Capital.
Twitter, which was formed in 2006, has received more than $50 million in funding from previous investors, and is currently preparing a revenue plan.