22 October 2017

JPMorgan poised to take big stake in Twitter

28 February 2011  |  4730 views  |  0 cash

JPMorgan is in talks to buy a 10% stake in Twitter that could value the popular micro-blogging Web service at $4.5 billion.

News of the potential deal, which was leaked to the press over the weekend, follows last week's reports that the US investment bank has raised $1.22 billion for a new fund to invest in the social media sector.

It is not clear whether the fund will invest directly in Twitter, or buy current investors' stakes, the anonymous sources said.

The $450 million investment wager, mirrors the position taken in Facebook last month by Goldman Sachs, which valued the social networking site at $50 billion. Goldman has since moved to invest $70 million in AppSense, a 12-year old Internet company that lets users access their corporate computers remotely from laptops, tablets and smartphones.

The JPMorgan fund is also reputedly looking for similar investments in other private social media darlings such as Groupon, Zynga and LivingSocial.

Both JPMorgan and Goldman are joining other firms such as Morgan Stanley, T Rowe Price and Tiger Investments by making late stage investments in new media companies in anticipation of another dot com-style IPO boom.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Finextra launches Social Media Days

Finextra launches Social Media Days

18 February 2011  |  11171 views  |  0 comments
SEC scrutinises social media; Finra to re-examine guidance

SEC scrutinises social media; Finra to re-examine guidance

16 February 2011  |  12598 views  |  1 comments
JPMorgan to cut costs and jobs by ditching trading platforms

JPMorgan to cut costs and jobs by ditching trading platforms

16 February 2011  |  16788 views  |  6 comments
JPMorgan fires woman for blogging in her spare time

JPMorgan fires woman for blogging in her spare time

06 January 2011  |  13314 views  |  1 comments
Goldman's social network-deprived staff get Facebook lesson

Goldman's social network-deprived staff get Facebook lesson

05 January 2011  |  9148 views  |  0 comments
JPMorgan to distribute iPads to investment banking staff

JPMorgan to distribute iPads to investment banking staff

01 December 2010  |  14579 views  |  0 comments
JPMorgan prioritises tech investment as Compton moves to chief admin post

JPMorgan prioritises tech investment as Compton moves to chief admin post

06 September 2010  |  10511 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.comvisit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
13240 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
12258 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9550 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9156 views comments | 11 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8572 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job