JP Morgan reportedly buys into Twitter

Mar 1, 2011 • James Mawson

News providers TechCrunch and Fortune said JP Morgan (JPM) already had a stake in Twitter after committing to Chris Sacca's, an early Twitter angel investor and adviser, $1bn secondaries fund.

Investment bank JP Morgan is reportedly buying a 10% stake in social messaging service Twitter for an enterprise valuation of about $4bn from its $1.2bn Digital Growth corporate venturing fund.

News providers TechCrunch and Fortune said JP Morgan (JPM) already had a stake in Twitter after committing to Chris Sacca’s, an early Twitter angel investor and adviser, $1bn secondaries fund.

Fortune said: "Most of [Sacca’s] fund’s commitments came from JPM – most likely via its $1.2bn Digital Growth Fund…

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