July 5, 2011 / 7:47 PM / 9 years ago

Twitter seeking another round of funding -report

* Twitter seeking “hundreds of millions of dollars” -WSJ

* Fundseeking comes on heels of $200 mln December round

SAN FRANCISCO, July 5 (Reuters) - Microblogging service Twitter is seeking to raise “hundreds of millions of dollars” in a new funding round, according to the Wall Street Journal.

The new round values the company at as much as $7 billion, the newspaper reported, around the same as recent transactions in Twitter stock on the secondary market.

“We don’t comment on our finances or speculation about our finances,” said a spokesman for Twitter.

In December, the company raised $200 million in a round led by venture-capital firm Kleiner Perkins that valued the firm at $3.7 billion. In February, venture-capital firm Andreessen Horowitz invested $80 million in Twitter through purchases on the secondary market that valued the company at about $4 billion. (Reporting by Sarah McBride and Alexei Oreskovic) (sarah.mcbride@thomsonreuters.com; 415 677 2547)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below