Twitter's valuation said to hit $9.9 billion
A report from Fortune today suggests that a block of early employee shares currently available for sale values the company at just under $10 billion.
Everyone wants to know what Twitter is worth, and while a number of recent reports have pegged the company's valuation as high as, or as low as $9 billion, it now seems that the real number is in the middle, at just under $10 billion.
According to Fortune, a new block of early employee shares, currently for sale, price Twitter at a valuation of $9.9 billion. "The shares were secured by a fund affiliated with Gentry Venture Partners, which has been pitching the deal to clients," Fortune wrote. "It would seem the premium was to prevent the offering from being prevented by Twitter, which has been particularly stingy with employee liquidity."
Fortune was not able to confirm the number of shares in the new block of early employee shares -- this block comes on the heels of an offer by investment managers BlackRock toin Twitter at a $9 billion valuation -- or the interest in the new shares.
Twitter did not immediately respond to a request for comment by CNET.