J.P. Morgan Fund in Talks to Take Twitter Stake
A fund run by J.P. Morgan Chase & Co. is in talks with Twitter Inc. to take a minority stake in the rapidly growing microblogging company, people familiar with the matter said. The investment, which is expected to value Twitter at more than $4 billion, will be made from the bank’s new $1.2 billion digital growth fund, these people said. Exact terms of the potential deal couldn’t be learned. Discussions between J.P. Morgan and Twitter are continuing, and there is no guarantee a deal will be struck, the people added.
