Monday, February 28, 2011

Twitter valued at $ 4.5 billion

A fund managed by the U.S. bank JPMorgan Chase is preparing to take a 10% stake in the microblogging site Twitter, in a transaction valuing the $ 4.5 billion (3.25 billion euros), according leFinancial Times , quoting, Sunday, Feb. 27, sources familiar with the matter. The newspaper said that such participation would not be acquired on a platform of secondary trading, or the type SharesPost SecondMarket, if it materializes, this would be through direct investment or by purchasing the shares of investors and shareholders with the approval of Twitter.

JPMorgan Chase made this investment through a fund recently created especially to invest in the Digital Economy, Digital Growth Fund. According to sources in the British daily, a maximum of 480 investors will participate in this fund, which should have 1.3 billion dollars (940 million euros), of which 1.22 billion (882 million) has already been met.

The bank in turn could recover a commission of $ 13 million (9.4 million). FACEBOOK AND GOOGLE ALSO INTERESTED? This information seems less than three weeks after the Wall Street Journal mentioned initial discussions between Twitter and Facebook or Google Groups, which either might be willing to pay at least $ 8 billion (5.8 billion) to acquire it.

These discussions had been debated, since the turnover of Twitter 2011 is generally estimated between 100 and 150 million dollars (between 72 and 108 million euros). Since its inception in 2006, the site micromessages received $ 360 million (260 million) investment, including $ 200 million in late 2010.

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