According to an interesting report released on Friday, Twitter is now worth $9 billion, following a fresh round of investment.
The giant investment firm BlackRock has made an offer of $80 million to early twitter employees to buy their stock, the report claimed by Financial Times on Friday.
It was also claimed by FT that Twitter has allowed its employees to entertain themselves with this deal but will not raise any cash itself in the process.
The new valuation of twitter is $2 billion less than it was said to be worth following secondary stock trading late previous year. But fortunately it is 10% more than it’s (Twitter’s) last round of fundraising in 2011.
At Set For IPO NEXT Year?
You can still imagine the worth of Twitter, if the deal goes perfect, and all staff avails the option, BlackRock will own just 1% of Twitter. But both sides seem pretty quite in commenting about any of these reports.
We can expect and look towards an IPO next year if this increment in Twitter’s valuation continues. According to reports, may be the company is unperturbed by the negative experiences of other web giants Zynga and Facebook, and so not in a rush to go public these days.
Via TechRadar.
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