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Microsoft in talks to buy stake in start-up Foursquare - Bloomberg
August 29, 2013 / 9:25 PM / 4 years ago

Microsoft in talks to buy stake in start-up Foursquare - Bloomberg

SAN FRANCISCO (Reuters) - Microsoft Corp is in talks with social networking company Foursquare about a possible investment, Bloomberg reported on Thursday.

A variety of logos hover above the Microsoft booth on the opening day of the International Consumer Electronics Show (CES) in Las Vegas January 10, 2012. REUTERS/Rick Wilking

The talks are at an advanced stage, but Foursquare is also talking to other potential partners, the report said of the company whose users can “check in” to locations they are visiting and share relevant tips.

“This falls squarely in the ”rumours and speculation“ category,” Foursquare spokesman Brendan Lewis said via email.

A Microsoft spokesman declined to comment.

Foursquare was a start-up darling three years ago. But as social networking companies have come under increased scrutiny, particularly since the initial public offering of Facebook Inc, Foursquare has lost some of its lustre, many investors around Silicon Valley have said.

Foursquare has raised a total of $112 million, including a $41 million convertible debt round in April.

Reporting by Sarah McBride and Bill Rigby; Editing by Richard Chang

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