View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
April 16, 2015

Is Yahoo looking to buy Foursquare?

Deal would bolster Yahoo's mobile offering.

By CBR Staff Writer

Yahoo is reportedly looking to acquire location based search app Foursquare for around $900m, in efforts to fortify its mobile offering.

Sources told TechCrunch that the "deal is done" and both the sides are working on the details.

The New York based start up by Dennis Crowley and Naveen Selvadurai launched the app in 2009 which provides local search services and recommendations to users.

Later in 2014, Foursquare added a social networking feature to the app allowing users to share their location with friends via the "check in".

As part of its efforts to strengthen its mobile offering, Yahoo has acquired several companies under the stewardship of CEO Marissa Mayer.

In 2013, the company acquired blogging and social networking site Tumblr for $1.1bn.

In 2014, Yahoo has acquired video advertising platform Brightroll for $640m, while other notable start up acquisitions include Stamped, Summly, Astrid, Jybe and OnTheAir.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.