Report: VC infusion values Twitter at $250 million
TechCrunch is reporting Saturday night that Twitter may have signed a term sheet with one or more venture capital firms that would value the microblogging company at $250 million.
Although it did not provide specifics, the report cited "a source with knowledge of the deal."
Last fall, Facebook was said to have made an offer to buy Twitter worth as much as $500 million.
"Rumor is Twitter hit up more than a few venture firms to pitch the $250 million valuation, and got more than one 'no,'" TechCrunch wrote Saturday. "But someone's bit, perhaps … Read more