Bidding War For Twitter Raises Valuation To Nearly $4 Billion

techcrunch.com:

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.

Read the whole story: techcrunch.com

Comments

[theryan]

05:21 PM on 12/02/2010

I'd be willing to go in massive debt to get twitter and any pattons, then take the site down.

[Robert MacEwan]

12:52 PM on 12/01/2010

I'm so going to Tweet this.

[deezus]

11:51 AM on 12/01/2010

It is worth nothing to me.

[Middle Blue]

12:59 PM on 12/01/2010

Since it loses money, it is in fact worth nothing. But, in the reality distortion field of net companies, it is worth quite a bit.

[Domingaux1969]

09:31 AM on 12/01/2010

The major business model modificatin for Twitter going forward is how are they going to generate revenue. Google model of advertising was smart and innovated at the time moreover its seems like Yahoo is starting to learn from some of their previous mistakes. Among issues with Twitter being a SMS Social Networking site; what will be their major generation model going forward? Moreover how will they maintain a healthy run-rate to satify their new incoming investors.

[Middle Blue]

01:01 PM on 12/01/2010

Twitter never had a revenue model. Clearly, it did not matter then, and it does not matter now. The whole thing is insane. Besides, what did you expect from the inventor of Twitter, anyway? Leadership?

[netzwerg]

08:09 AM on 12/01/2010

I can smell bubbles when I see them.

[WIpatriot]

09:43 AM on 12/01/2010

Was just going to post, "Look for a M&A bubble coming soon near you."

[Middle Blue]

01:01 PM on 12/01/2010

*fanned ROFL

[RattleCat]

07:50 AM on 12/01/2010

My understanding is that Twitter currently has no revenues, although it has plans to create a "corporate product".

But seriously, assuming any investor wants a return in 3-5 years, how can their corporate products yield continuous revenues well into Fortune 500 territory?

[goijra]

07:33 AM on 12/01/2010

This has collapse written all over it.

[Middle Blue]

01:02 PM on 12/01/2010

eToys, Webvan, Friendster...... long list.