Twitter may soon be valued at almost $4bn, thanks to a bidding war which has seen many companies submit offers to invest in the site.
Reportedly, the company’s value has been pushed past $3bn. The valuation, by the time the bidding ends, has been estimated to be almost $4bn.
The likely winner was said to be Kleiner Perkins, a Silicon Valley venture capital firm, which was an early investor in Amazon, AOL and Google. However, the bidding is not over yet, so someone could surpass Kleiner.
This latest social-networking valuation comes just after Facebook’s value was said to be pushed up to $50bn.