By ANUPREETA DAS And AMIR EFRATI
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.
J.P. Morgan also has purchased a significant amount of Twitter’s shares on exchanges for private-company stock, separate from its talks for a direct stake in the company, said a person familiar with the matter.
Continue reading … WSJ
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