There has been a report that has been circulating throughout the online business world, like wild fire and that news is about the possible acquisition of Foursquare by the now ailing Internet entity, Yahoo! Inc. However, this suppose acquisition seems more like a work of fiction than a rational possibility. The main reason being that, Foursquare, which is regarded as one of the foremost names in location based services and is already on the funding list of four of the top venture capitalists in the country.
The prominent notion in regards to the Yahoo! story is that Foursquare is trying to engage the interested VC firms, Accel Partners, Andreessen Horowitz, Khosla Ventures, and Redpoint Ventures into raising their initial investment bids from $80 million, by making them believe that, Foursquare could go to Yahoo if its expected figures aren’t reached by the interested investors.
However, the reports suggest that, Foursquare could be acquired by Yahoo for $100 million, which in itself sounds quite silly, because even of the investors stick to the $80 million initial investment bid, even then the total net value of Foursquare would be much higher than the $100 million acquisition bid from Yahoo!.
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