This latest story echoes what Michael Arrington reported last week: Russian investor DST is out of the running after an aggressive push from Kleiner’s John Doerr.
DST was clearly very interested in Twitter, but given its preference for investing in huge businesses with proven revenue streams, like Facebook, Groupon, and Zynga, it’s not surprising that a traditional venture firm would be willing to bid higher.
The new round will reportedly value Twitter somewhere between $3.5-$4 billion.
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.