Yahoo Buying Foursquare?
Insider sources are telling Valleywag that Yahoo is considering the purchase of the location-based social networking service Foursquare. The price tag is especially impressive for a start-up is just over a year old with approximately 500,000 users – approximately $100 million. Notes Valleywag:
A Foursquare acquisition makes tons of sense for Yahoo, where product executives believe that paradigm of Web pages could soon go away, to be replaced by a universe of service built on Internet-connected devices in, around, and outside the home.
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