Yahoo buys Foursquare

Absrtact: Sources said earlier that Yahoo's acquisition of Foursquare's main purpose is: to vigorously improve the strength of Yahoo Mobile internet business. In addition to Foursquare, Yahoo also held talks with other similar potential takeover targets.

Beijing Time April 17 news, according to foreign media reports, science and technology blog site Allthingsdigital's boomtown columnist Kara SVISHL (Kara Swisher) wrote in Friday, the new Yahoo mergers and acquisitions business executives just after Andrew Mr Siegel met with Foursquare co-founder and CEO Dennis Crolly (Dennis Crowley), the United States Mobile location social networking service provider (Siegel). Siegel has offered 125 million dollars to buy Foursquare.

Crowley currently holds about one-third per cent of Foursquare. The deal also means he can earn a pre-tax income of 42 million dollars, or a cash income of about 30 million dollars. Will Crowley sell the company to Yahoo? 5 years ago, he founded a company called Dodgeball and sold it to Google at less than 10 million dollars, and Crowley was expected to earn only millions of dollars in the deal. Crowley's home is in Manhattan, New York, and he's not a recluse. SVISHL that Crowley is not yet living a life of worry and well-being, so he will certainly endorse the deal with Yahoo.

But on the other hand, Crowley has previously expressed the hope that the Foursquare bigger and stronger, he himself also to the dodgeball low price to Google regret. For these reasons, SVISHL believes it will be difficult to complete a takeover of Foursquare unless Yahoo has raised its purchase price to 200 million or 300 million dollars to satisfy Crowley's appetite.

Sources have previously revealed that Yahoo's acquisition of Foursquare's main purpose is: vigorously improve the strength of Yahoo Mobile internet business. In addition to Foursquare, Yahoo also held talks with other similar potential takeover targets. If Yahoo succeeds in acquiring Foursquare, Yahoo will be able to provide all kinds of Internet services to all mobile devices. In this way, Yahoo CEO Bartz Carol Bartz will prove to employees and Wall Street analysts that she is really committed to Yahoo's technological innovation.

Since Yahoo's acquisition of photo-sharing sites Flickr and the social bookmarking Service website Delicious, the company has not launched other influential products for the consumer market. Before 2007, Yahoo had had a chance to buy Facebook for social networking sites with 1 billion dollars, but Semel, Yahoo's Semel CEO, considered the price too high and Facebook co-founder Mark Zuckerberg Mark Zuckerberg) also prescribed other conditions that led to the eventual miscarriage of trade. The latest figures show Facebook's market valuations have exceeded $20 billion trillion.