Russia's DST Out of Twitter Funding Race, With Kleiner Poised to Take the Deal

According to sources close to the situation, the aggressive Russian investment outfit DST Global is out of the running to fund Twitter.

Instead, the prize is almost certainly going to Kleiner Perkins, the legendary Silicon Valley venture firm of Web 1.0 that has been making a big push of late into the Web 2.0 market.

The valuation for the new round--which sources said is well above $150 million--will be from $3.5 billion to $4 billion. There also might be smaller investors in the new round, which could be completed next week.

Katy Perry Vinessa Shaw Rebecca Romijn Nadine Velazquez Pink