Microsoft Invests $15M in Foursquare

Companies grow close with licensing deal, too

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Microsoft’s new CEO comes with a fresh deal with Foursquare, boosting the young mobile app company and creating stronger ties between the companies.

The two had been growing close, and there were talks last year of Microsoft even buying Foursquare, according to sources.

That was before New York-based Foursquare and its CEO, Dennis Crowley, secured new venture capital late last year. In December, it raised $35 million, bringing its total funding to more than $100 million since 2009.

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