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Sources are reporting that Yahoo is in talks to purchase location-sharing service Foursquare for $100 million. A source within Yahoo has said only that they've " had discussions" with Foursquare. Foursquare CEO Dennis Crowley has spent the last few days meeting with companies including Apple and Facebook, but it's Yahoo that has been pegged as the most interested.
Yahoo has had a tough time as of late with their search business faltering and a botched Microsoft acquisition. Buying Foursquare would be a quick and easy way to get in on the location-based services game. Even with the offer of quick cash, Foursquare may not sell. Crowley has previously stated he only sold his last startup to Google because he was unable to get funding.
Yahoo missed out on purchasing Facebook in 2007, if given the opportunity to buy their way into social media again, it's unlikely they'd turn it down. Yahoo's official word is, you guessed it, " We don’t comment on rumor or speculation."