Does Twitter need to have DST investments?

Does Twitter need to have DST investments? , the following is the specific content of this article:

The CEO of the Russian internet giant digital Sky Technologies (DST) Milner (Yuri Milner) has shown strong interest in investing in internet companies. So far, DST has spent hundreds of millions of of dollars buying stakes in companies such as Facebook and Zynga. In addition, DST is also interested in acquiring ICQ instant messaging services.

Milner didn't stop investing. In an interview with The Sunday Telegraph (Sunday Telegraph), he said he was looking at several internet companies in the hope of a new deal. Although Milner refused to disclose specific investment targets, it did not rule out the possibility of acquiring Twitter shares.

So is DST and Twitter holding talks?

Dick Costolo, the Twitter chief Operating Officer (COO), did not directly deny the possibility of cooperation with DST in an interview with Reuters. Asked whether Twitter needed to raise more money, Dick Costro that it depended on the revenue-generation of the promoted tweets advertising platform and the upcoming business accounts. Dick Costro: "It's hard to determine whether you need to raise money again, depending on Twitter's revenue." ”

Sources said Twitter received 100 million of dollars in investment from several companies, Dick Costro confirmed the news and said Twitter was valued at 1 billion dollars.

However, Dick Costro that Twitter is not rushing to refinance, and that Twitter has enough cash reserves to act more reliably than any other company. (Wade)