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August 1, 2011 08:37 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/l4SmEaDvD2w/
Twitter Confirms "Significant" New Funding Round Led By DST
After weeks of speculation, Twitter has just published a blog post confirming that it has indeed raised a "significant round of funding led by the venture firm DST Global, with the participation of several of our existing investors."Several reports over the last month preceded today's official announcement. The New York Times reported in early July that Twitter was in the process of closing a $400 million funding round valuing the company at $8 billion, that was to be led by DST with participation from existing investor Kleiner Perkins.A report on July 20th from AllThings D added that the round would actually total $800 million, half of which would be distributed to employees and investors.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/l4SmEaDvD2w/
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