NPR logo
JPMorgan Chase Considers Share In Twitter
  • Download
  • <iframe src="https://www.npr.org/player/embed/134123082/134123057" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
JPMorgan Chase Considers Share In Twitter

Business

JPMorgan Chase Considers Share In Twitter

JPMorgan Chase Considers Share In Twitter
  • Download
  • <iframe src="https://www.npr.org/player/embed/134123082/134123057" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Britain's Financial Times reports JP Morgan Chase is considering a 10 percent stake in the social media company Twitter. Talks are underway and the banking company is looking at a possible investment of around $450 million, according to the report.

STEVE INSKEEP, host:

NPR's business news starts with the latest buzz on Twitter.

(Soundbite of music)

INSKEEP: Britain's Financial Times reports that JP Morgan Chase, a company that bears the name of a guy who famously put together steel companies, shipping lines and railroads - JP Morgan Chase is considering a 10 percent stake in the social media company Twitter. Talks are currently under way, and the banking company is looking at a possible investment of around $450 million, according to the report.

If the deal goes through, it would be the most prominent investment yet by JP Morgan's new digital growth fund. Twitter, like a lot of emerging social media operations, is still a private company.

Copyright © 2011 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.