JPMorgan Fund Eyes Ten Percent Stake In Twitter

I've first read about JPMorgan when I read about the successful company three years ago. When I visited business web sites lately, I felt curious to know about the news that JPMorgan fund eyes ten percent stake in Twitter. I've heard this has something to do with the technology fund, otherwise known as Digital Growth fund that JPMorgan has been developing recently. We know that Twitter is also a successful internet messaging and communication site which is perfect for micro-blogging. In fact, it's one of the fastest growing social networking sites.

The ten percent stake is substantial acquisition of JPMorgan over Twitter, I think. However, it is not yet clear if the JPMorgan fund will have a direct investment or buy out existing investors and shareholders according to the approval of Twitter. There's no intention to buy shares on the secondary market either. Also, the deal has not closed.

In the news: "JPMorgan fund in talks to buy Twitter stake".