In dry times, Twitter going back to the funding well?
Twitter is closing in on raising another round of funding, according to TechCrunch. The site reports that the micro-messaging service has signed a term sheet with at least one venture fund and that the round will put its valuation at $250 million.
This valuation is a huge jump from Twitter’s previous $15 million round back in June, which valued likely valued the company somewhere in the $80-$100 million range. But that was before Facebook looked into acquiring the service for something in the range of $500 million - but that was all in stock, and Twitter wanted some cash, reported BoomTown at the time. The other problem with that deal was that the $500 in stock was based on Facebook’s ridiculously high $15 billion valuation from Microsoft’s investment in 2007. The common-stock valuation has Facebook valued more in the range of $4-$5 billion.
