views

Twitter to secure $100m new capital

TWITTER, the micro-blogging website, is closing in on a deal that would give it access to $100m (&pound;62m) in new venture capital.<br /><br />The cash injection, understood to be coming from investment houses T. Rowe Price and Insight Venture Partners, would value the website at $1bn &ndash; more than triple the worth placed on the company in February.<br /><br />Firms which already invest in Twitter, such as Institutional Venture Partners and Spark Capital are also expected to take part.<br /><br />Twitter chief executive Evan Williams and co-founder Biz Stone have said they have no interest in selling up and the latest valuation will make it harder for another internet giant to launch a bid. Twitter rejected a $500m bid from Facebook last year.