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Yahoo reportedly close to purchasing Foursquare
In an effort to boost its mobile offerings, Yahoo is reportedly finishing up a deal to buy Foursquare.Foursquare’s search app can be used to as a local city guide to find shops, restaurants and other points of interest. The startup also created the social networking app Swarm, which allows people to check-in at locations and see if friends are nearby.The deal, which would be worth around US$900 million, has been agreed to and the companies are now working through details, according to sources cited by TechCrunch. However, other sources said they had no knowledge of the deal.To read this article in full or to leave a comment, please click here