Twitter Receives Massive Cash Infusion
Fox Business / January, 28 -- Twitter has scored an investment offer from a fund run by BlackRock (BLK) that reportedly values the social media company at more than $9 billion.
A spokesperson at BlackRock confirmed the investment by one of the money-management giant's funds, but declined to give financial details.
According to The Wall Street Journal, the investment is valued at $80 million and would allow some of Twitter’s early employees to sell their stock. The short-messaging company wouldn’t make any money on the investment.
Twitter didn't immediately respond to a request for comment.