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Wednesday, 05 February 2014 16:20

Microsoft invests US$15 million in Foursquare Featured

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Tech giant Microsoft has made a modest investment in Foursquare, with the social network announcing a US$15 million injection.

Foursquare CEO has told the Wall Street Journal overnight that Microsoft had entered a "stragetic partnership" and invested $15 million in the company.

According to the Journal interview with Foursquare CEO Dennis Crowley, Microsoft also signed a "multi-year contract to license Foursquare data in services such as its mobile operating system and Bing search engine."

The investment will be added to the $35 million investment round Foursquare announced last December and which valued the company at about $650 million.

The Journal story claimed that as a result of the deal, Microsoft is now Foursquare's single biggest source of revenue.

Foursquare enables users to check-in from various locations, and has been running since 2009. Micrsoft said last year that its search site Bing was integrating Foursquare data via the Bing Sidebar.

The news also follows a similar deal in 2007 which saw Microsoft invest heavily in Facebook, which is now valued at over US$100 billion. Microsoft got a new CEO today, the 46 year old Satya Nadella.


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