San Francisco – JPMorgan Chase is seeking to acquire a
minority stake in Twitter, in a deal that could value the microblogging service
at close to $4.5 billion, The New York Times reported, citing people briefed on
the matter. It’s unclear whether the $1.22 billion J.P. Morgan Digital Growth
Fund, established to invest in the social media space, would invest directly in
Twitter, or purchase stakes from current investors.
The Times’ sources said the
talks between JPMorgan and Twitter were "continuing and might not lead to
Twitter most recently raised $200 million in December at a $3.7
billion valuation, and before that was valued at $1 billion during a
fundraising round in late 2009.
The Times notes that Twitter is valued at $4.3
billion on SharesPost, a secondary market where investors can trade shares in