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J.P. Morgan Chase & Co. To Invest In Technicolor


J.P. Morgan Chase & Co. (NYSE:JPM) has decided to acquire a major stake in entertainment mainstay Technicolor.

J.P. Morgan Chase & Co. To Invest In Technicolor

A report says that the financial giant J.P. Morgan Chase & Co. (NYSE:JPM) will acquire as much as a 29% stake in the Paris-based media and entertainment technology company Technicolor.

Currently J.P. Morgan Chase & Co. (NYSE:JPM) holds a 1% stake in the company.

Frederic Rose, chief executive of Technicolor said, “I am delighted that J.P. Morgan Chase & Co. (NYSE:JPM) plans to make a substantial investment in Technicolor to become a long-term shareholder in the company. The capital increase we are planning will provide the company with a stronger financial structure and a stable shareholder base to implement its growth strategy.”

JP Morgan Chase & Co. (NYSE:JPM) shares were at 43.01 at the end of the last day’s trading. There’s been a 14.5% change in the stock price over the past 3 months.

J.P. Morgan Chase & Co. To Invest In Technicolor
JP Morgan Chase & Co. (NYSE:JPM) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 2 out of 16 in the industry


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