Another $100 million for Twitter?
The Journal reports private equity firm T. Rowe Price and VC group Insight Venture Partners are leading the round, which will value the company at around $1 billion.
Twitter's long-anticipated business plan had better be close on the horizon, because according to the Wall Street Journal, the site has some new investors on board: Mutual fund T. Rowe Price, Insight Venture Partners, and a handful of others have reportedly pumped $100 million into the microblogging phenomenon.
TechCrunch reported last week that Twitter was putting together. But that report suggested that the company would do so by raising about $50 million--half of what it actually has, per the WSJ, in a deal expected to close Thursday.
Twitter still doesn't make significant revenue. But its founders have said that, in the form of a sort of "analytics dashboard," are imminent. Advertising isn't out of the question either, despite what some of the company's executives .
The company'svalued it at about $80 million, but soon added to the round in well into the hundreds of millions.