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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 a round of funding at around a $1 billion valuation. 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 paid corporate accounts, 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 have said in the past.
The company's initial round of Series B funding last year valued it at about $80 million, but soon added to the round in a deal that upped the valuation well into the hundreds of millions.
