Rumor: Yahoo Considering To Offer $100M For Foursquare

Posted Apr 6, 2010

The merger and acquisitions department at Yahoo! Inc. (NASDAQ:YHOO) is considering whether they should offer to buy out Foursquare for about $100 million according to a banker source with Gawker. A Yahoo!-owned Foursquare would make sense for the search company as they have a major focus on mobile strategies. Yahoo! has not made any major acquisitions since Delicious and Flickr.

Dennis Crowley, founder of Foursquare said that he only sold his first startup Dodgeball to Google because “We couldn’t get any funding.”┬áNow it appears that there is a bidding war for funding Foursquare. [Gawker]