coach outlet JP Morgan Chase (JPMorgan) is negotiating a fund's plans to acquire the global one of the fastest growing social networking site Twitter, a lot of options.
coach outlet store According to informed sources, the fund micro-blogging site to this home valuation 4.5 billion to 4.5 billion dollars want to buy Twitter 10% of the shares.
coach outlet It is not clear, this is a direct investment fund JP Morgan Chase, Twitter, or intend to get approval from the hands of the acquisition of existing shares to investors and shareholders. However, the above-mentioned sources said the fund does not intend to buy shares from the secondary market. This transaction has not yet reached.
burberry outlet The number of JP Morgan Chase Growth Fund (Digital Growth Fund) on the 24th of this month formally established to allow wealthy customers the opportunity to invest in Facebook, Twitter and other fast-growing private technology companies. The establishment of this new fund marks the Wall Street investment focus will shift to the Internet company. Last month, Goldman Sachs financing from its overseas customers in the investment of $ 1,000,000,000 Facebook.
true religion sale According to the U.S. Securities and Exchange Commission (SEC) documents received for filing, the fund has so far 1.22 billion fund-raising. However, according to the previously mentioned sources said the fund plans a total of 1.3 billion fund-raising, up to absorb the 480 investors. JP Morgan is expected to receive from the fund at least $ 13,000,000 in commissions.
In addition to the acquisition of the equity Twitter, the JP Morgan Chase and one-third of the Fund wish to invest in another private network companies - may be the game developer Zynga, or a telephone service provider Skype.
They said that the last third of the funds will be in the other six companies to configure, and may include buy site LivingSocial, or flash purchase site Gilt. Twitter will be the focus of the fund. According to venture capital firm Kleiner Perkins Caufield & Byers of the data, Twitter has 253 million monthly unique users, representing an increase of 85% a year ago.
Internet market research firm eMarketer estimated income of the fund is expected this year, 1.5 billion USD.
Kleiner Perkins last December Zengyi valuation of 3.7 billion investment in Twitter 2 billion. JP Morgan Chase for its valuation of 4.5 billion U.S. dollars this may increase the awareness of a new round of worries about the tech bubble.
At present, the secondary market valuation of Facebook 700 million U.S. dollars, according to people familiar with the plan, JP Morgan Chase Foundation that this price is too high.