Yahoo Considering Buying Foursquare

Yahoo Considering Buying Foursquare

Sources close to both Yahoo and Foursquare revealed that Yahoo is thinking of acquiring the location-based setup for US$100 million. Although Foursquare hasn't quite caught on locally, it is a massively popular mobile check-in service that looks set to breach the 1 million user mark quicker than Twitter.

San Francisco Chronicle - Yahoo's M&A deal-makers are deciding right now whether or not to buy super-hot location-based startup Foursquare for ~$100 million, says a source close to bankers involved in Foursquare's current fundraising efforts.

A source close to Yahoo told us a Foursquare-owned Yahoo "would be nice." This source told us "we've had discussions," but cautioned: "We talk to everybody."

Apart from Flickr and Delicious, Yahoo had made little acquisitions to boost the company's Web 2.0 profile, and in that light and considering the potential of Foursquare, the buy may make sense to the once great web search giant.

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