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Report: JP Morgan Seeks 10pct Stake in Twitter

     
12:23 pm on Feb 28, 2011 (gmt 0)

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Report: JP Morgan Seeks 10pct Stake in Twitter [ft.com]

A JPMorgan fund is in talks to acquire a substantial stake in Twitter, one of the fastest-growing social networking sites.

The fund hopes to acquire 10 per cent of the online messaging service for $450m, valuing Twitter at $4.5bn, according to people familiar with the plans.
 

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