JPMorgan Looking to Own 10% of Twitter
New information has been uncovered about JPMorgan Chase’s social media fund, and the importance that it is putting on Twitter. The fund, known as the J.P. Morgan Digital Growth Fund, will value Twitter at $4.5 billion, and is hoping to purchase 10% of the company for $450 million.
When news about JPMorgan’s fund came to light in mid-February, it was speculated that $200 million of the total $1 billion would be invested in Twitter. Now, more details have emerged as to exactly how much of Twitter JPMorgan wants to own.
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