Network News

X My Profile
View More Activity
Posted at 2:47 PM ET, 02/28/2011

Report: JP Morgan in investment talks with Twitter

By Ariana Eunjung Cha

Thumbnail image for twitter_logo_outline.png 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.

By Ariana Eunjung Cha  | February 28, 2011; 2:47 PM ET
Categories:  Social media  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: AT&T to carry Amazon's 3G Kindle in stores
Next: Nintendo 3DS released in Japan, already hacked

No comments have been posted to this entry.

Post a Comment

We encourage users to analyze, comment on and even challenge washingtonpost.com's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.




characters remaining

 
 
RSS Feed
Subscribe to The Post

© 2011 The Washington Post Company