01 Mar '11, 4am

Twitter valued at S$5.7 billion

A new JPMorgan Chase technology fund is in talks to buy a substantial stake in Internet messaging and communications site Twitter, the Financial Times reported yesterday, citing people familiar with the plans. According to the report, JPMorgan's Digital Growth fund hopes to acquire 10 per cent of Twitter for US$450 million (S$570 million), valuing the company at US$4.5 billion. The bank said in a regulatory filing on Friday that it had raised US$1.22 billion for the Digital Growth fund. The FT said the fund eventually plans to raise a total of US$1.3 billion from a maximum of 480 investors. REUTERS

Full article: http://www.todayonline.com/Business/EDC110301-0000375/Twi...

Tweets

Facebook valued at $82 billion in new investment (via ST iPhone App)

Facebook valued at $82 billion in new investmen...

straitstimes.com 04 Mar '11, 2am

General Atlantic is purchasing a block of roughly 2.5 million Facebook shares from former Facebook employees, giving the f...

No IPO plans yet: Twitter

todayonline.com 04 Mar '11, 4am

Twitter has no plans to go public any time soon and does not need additional funds because it is making money, the co-foun...

Twitter share auction suggests US$7.7b valuation (via ST iPhone App)

Twitter share auction suggests US$7.7b valuatio...

straitstimes.com 06 Mar '11, 2am

A recent auction of Twitter shares on the secondary market suggests investors value the company at US$7.7 billion (S$9.8 b...

New financial institution to have billion dolla...

channelnewsasia.com 21 Feb '11, 2pm

SINGAPORE: Analysts said that the new financial institution that will help Singapore companies undertake long-gestation pr...

NYC homeless man finds daughter through Twitter

straitstimes.com 26 Feb '11, 12am

NEW YORK - A NEW York City homeless man has been reunited with his daughter after 11 years, thanks to Twitter. Daniel Mora...