@Twitter May Be Valued North of $3B, Possibly $5B #Wow!
Tweet
Share
E-mail
Get Alerts GOOG Hot Sheet
Join SI Premium – FREE
In an intriguing article today on TechCruch, the site says the value of Twitter, a social media site dedicated to brevity, is at...are you sitting?...$3 billion dollars. If not more.
TC notes that a mess of venture capital firms are absolutely frothing at the mouth to get in. At a $1 billion valuation, the company was able to raise $100 million, and have garnered $160 million to-date.
Possible investors would be a Russian firm like DST, who is also in on Facebook, Groupon, and Zynga.
TC recently reported that Twitter shareholders have fetched offerings as much as $7.00 per share for their holdings. With 225 million shares outstanding, the number comes to $1.575 billion. The $7 per share is for transactions up to $1 million, but sources have said prices for smaller transactions have been juicier.
Finally, citing more sources, TechCruch says that Google (Nasdaq: GOOG) has been in talks to buy the entire company for $5 billion (though other sources have squelched the rumor).
TC notes that a mess of venture capital firms are absolutely frothing at the mouth to get in. At a $1 billion valuation, the company was able to raise $100 million, and have garnered $160 million to-date.
Possible investors would be a Russian firm like DST, who is also in on Facebook, Groupon, and Zynga.
TC recently reported that Twitter shareholders have fetched offerings as much as $7.00 per share for their holdings. With 225 million shares outstanding, the number comes to $1.575 billion. The $7 per share is for transactions up to $1 million, but sources have said prices for smaller transactions have been juicier.
Finally, citing more sources, TechCruch says that Google (Nasdaq: GOOG) has been in talks to buy the entire company for $5 billion (though other sources have squelched the rumor).
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Google Gemini Launch Delayed as Tech Falls Short of Goals - Bloomberg
- Warren Buffett: mistake not investing in Google, and the company is now 'more likely to be a winner' based on its record - CNBC interview
- Huadi International gets Nasdaq minimum bid price deficiency notice
Create E-mail Alert Related Categories
Corporate News, Insiders' Blog, RumorsRelated Entities
TwitterSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
