Monday, January 28, 2013

Investors valued Twitter at nine billion dollars

BlackRock Investment Fund has made an offer to buy a stake in microblogging service Twitter by $80 million.

Capitalization of the company valued at more than $9 billion. BlackRock intends to buy shares from employees and other shareholders. Interest of the investment giant to Twitter shows the growth of the popularity of the network and provides for its leadership further incentives to develop business in anticipation of IPO.

With such sales, Twitter allows employees of the company to increase profits prospective resources even before the official start of securities sales on the exchange.

Twitter has already arranged the sale of shares by private subscription. Then the main buyer was Yuri Milner's DST Global. A year ago, a microblog capitalization was valued at $8 billion.

Recall, one of Twitter founders has left control of the company. Founder of microblogging service Jack Dorsey plans to spend more time with his new project - a mobile payments startup Square.

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