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Sunday, February 27, 2011

JPMorgan fund eyes 10% stake in Twitter

JPMorgan fund eyes 10% stake in Twitter A JPMorgan fund is in talks to acquire a substantial stake in Twitter, one of the fastest-growing social networking sites.

The fund hopes to acquire 10 per cent of the online messaging service for $450m, valuing Twitter at $4.5bn, according to people familiar with the plans.

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