Report: JP Morgan in investment talks with Twitter
JP Morgan is reportedly in talks with Twitter to buy a minority stake in the micro-blogging site. Neither will comment on the talks, but anonymous sources confirmed to the New York Times, the Financial Times and the Wall Street Journal that the investment by JPMorgan's $1.22 billion digital growth fund would value Twitter at more than $4 billion.
JP Morgan recently established its social media investment fund to jump on the technology and social media companies that have seen exponential growth in the past few years. The fund is aimed at investing in privately held companies such as Twitter.
Technology companies such as Groupon and Facebook, which recently saw a huge investment from Goldman Sachs, are expected to go public within two years. Other start-ups such as LinkedIn and Pandora have already filed for initial public offerings.