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Twitter has just landed the largest venture capital investment in history as part of an $800 million funding deal led by Russian venture firm DST Global, the San Jose Mercury News reports.
Twitter wouldn’t confirm the size of the funding round—the company would only say that it was “significant”—but regulatory documents show that the firm has sold $400 million in new shares, likely valuing it at $8 billion, according to the Mercury News. In a statement, Twitter said that it would use the money “to aggressively innovate, hire more great people, and invest in international expansion.”
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