Twitter towards $800m round

Jul 22, 2011 • Toby Lewis

The funding round is expected to give Twitter an $8bn valuation.

US-based bank JP Morgan’s Digital Growth corporate venturing fund and Russian internet investment firm Digital Sky Technologies are reportedly set to be investors in the $800m fundraising being put together by social network Twitter.

The two backers are coming into a funding round which is expected to land Twitter an $8bn valuation, according to news provider All Things Digital. The funding round is expected to…

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