According to the Wall Street Journal, banking giant J.P. Morgan Chase & Co has raised funds to buy stake in Twitter. On top of the private-stock purchases, the bank has set up a fund with $1.2billion to purchase directly from the MicroBlogging company. It appears that the company is interested in a minority share. The fund, initially aimed at $500 to $750 million has exceeded its initial goal, yet no one knows if the talks will ever amount to anything. J.P. Morgan has also set up funds interested in buying some of Zynga, the game factory responsible for the lack of productivity at computer based workstations. Twitter, the young successful company that it is, doesn’t seem interested in buyout offers, but notes that it is interested in building an entirely independent company.
Source: Wall Street Journal