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BlackRock investment values Twitter at more than $9 billion

United States

A link from Financial Times (paywall)

A new investment in Twitter from the world’s largest asset manager will value the social media company at more than $9 billion, a jump of more than 10% since its last fundraising in 2011. BlackRock launched a $80 million tender offer to a number of the social media company’s early employees, according to FT sources. Twitter itself, which facilitated the transaction, will not raise new capital.

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