BlackRock Buys $80 Million Stake In Twitter

 Twitter employees are jumping in the air and kicking their heels.  Bloomberg reports that BlackRock, the world's largest asset management company, has taken an $80 million stake in Twitter Inc, a person with knowledge of the deal told Bloomberg gurus

The six-year old social media company will not raise new capital as part of the private deal that values the firm at more than $9 billion. BlackRock will buy shares directly from early Twitter employees seeking to liquidate their stock holdings and options.

Twitter's new valuation represents a slight rise from late 2011, when the company facilitated a similar tender offer with Prince Alwaleed bin Talal of Saudi Arabia that valued the company at a reported $8.4 billion…..

http://www.bloomberg.com/news/2013-01-26/twitter-is-said-to-be-worth-9-billion-as-blackrock-buys-shares.html