Twitter is officially valued at $9bn as staff offered multi million dollar pay day

Twitter's HQ in San franciscoTwitter has officially been valued at more than $9bn. following an offer to staff, arranged by Twitter itself, by asset management firm BlackRock.

On Friday the firm launched an $80m tender offer to a number of Twitter’s early employees, according to a report in the FT quoting people familiar with the deal.

The deal does not see Twitter itself raise any new cash; however, it has produced a new valuation of the microblogging firm, which was previously valued in the region of $8bn and $11bn. Its valuation was revised down last year to $8bn following Facebook’s rocky initial public offering. Read More »