Thursday July 21, 2011

Twitter Poised To Close $800M Funding Round

Out with the old money, in with the new.

In a move reminiscent of one done by Facebook in 2009, Twitter is close to completing an $800 million funding deal that will include a second part in which around $400 million of the total will be used to cash out current investors and also employees. According to several sources close to the situation, the complex transaction could be completed within two weeks

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