JP Morgan wants 10% of Twitter
An investment fund of U.S. bank JP Morgan wants to buy 450 million dollars with a 10% stake in the social network Twitter.
Fund, Digital Growth Fund, was established in February to invest in private technology companies with rapid growth has raised 1.23 billion dollars so far. U.S. Bank also plans to invest one-third of the fund into another technology company, possibly maker Zynga games or online phone service provider Skype. Kleiner Perkins Fund has invested 200 million dollars in December last year social networking, Twitter valuing $3.7 billion.