JPMorgan Chase Considers Share In Twitter
STEVE INSKEEP, host:
NPR's business news starts with the latest buzz on Twitter.
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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.
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