AllFacebook InsideFacebook InsideMobileApps InsideSocialGames SocialTimes LostRemote TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

Twitter’s Latest Round of Funding to Close Next Week

Sources close to Twitter’s current round of funding say that it will likely close next week. Kleiner Perkins, a Silicon Valley venture firm, is poised to be the major investor, with smaller investors likely part of the deal as well.

While the mid-November rumors suggested that DST, a Russian holding firm known for its investment in profitable social media ventures, would be the major investor in Twitter, it now looks like DST has been squeezed out of the deal.

Kleiner Perkins has reportedly valued Twitter at somewhere between $3.5 and $4 billion, and the funding itself will likely be well over $150 million.

As reported by All Things D’s Kara Swisher, this is Twitter’s first round of funding in just over a year – last fall the microblogging platform was valued at $1 billion.

With its valuation increasing 3 to 4 times in just over a year, there are some who speculate that Twitter might consider a buyout from Google or Facebook, two companies that have expressed an interest. However, the co-founders have repeatedly expressed the desire to remain autonomous, saying that Twitter has only just begun its journey.

Mediabistro Course

Social Media 101

Social Media 101Get hands-on social media training for beginners in our online boot camp, Social Media 101! Starting September 4, social media and marketing experts will help you determine the social media sites that matter most to you, based on your personal and professional goals. Hurry, this boot camp starts next week! Register now!