Bidding War For Twitter Raises Valuation To Nearly $4 Billion

01/31/2011 05:12 am ET | Updated May 25, 2011

The bidding has gotten more intense from what we're hearing. Russian firm DST, among others, submitted offers to invest valuing the company above $3 billion, say multiple sources. But the current leader, and likely winner, is Kleiner Perkins, say multiple sources. And the likely valuation when the smoke clears will be close to $4 billion.