Facebook buying foursquare?

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What’s Up With Foursquare, Doc?–Try a Bridge Investment, Faceboo

Memo to Dennis Crowley: BoomTown has not forgotten you! In fact, I have been tracking the popular social location service he helms the way Elmer Fudd chases Bugs Bunny, since my last update in April . That was in the midst of a flurry of talks the New York-based start-up was engaged in with a series of Silicon Valley venture firms; it was also entertaining a serious $120 million acquisition offer from Yahoo (YHOO).

Responding to a report that he was spotted with Zuckerberg, Crowley said, "What about the one with me canoodling w/ Keira Knightly at Summit Bar? Did that one make the rounds yet?" The startup needs cash, though, so it's taking a smaller "bridge" investment from its original investors, Union Square Ventures and O’Reilly AlphaTech Ventures. After Facebook failed to announce a much anticipated Foursquare-killer at its developer conference earlier this year, we wondered: Did Facebook Skip Announcing A Foursquare-Killer Because It's Talking To Foursquare? Then, a couple weeks ago, we heard from a source who spotted Foursquare CEO Dennis Crowley and Facebook CEO Mark Zuckerberg chatting in New York's Union Square.

Facebook, Keira Knightly Rumors Heat Up For Foursquare, Dennis C

http://www.businessinsider.com/the-facebook-foursquare-rumors-and-everything-else-you-want-to-know-about-techs-hottest-funding-race-weve-seen-in-long-time-2010-4

Digital Sky Technologies, the Russian firm that's invested in big winners Facebook, Zynga and Groupon, flirted with Foursquare a bit at SXSW this year, but the firm isn't interested -- not yet, at least. DST invests in late stage startups, primarily. The general consensus/speculation is that Andreessen Horowitz partner Ben Horowitz publicly backed out of the race for Foursquare because, to use one source's analogy, it was like the nerdy boyfriend in high school dumping the hot girlfriend because he feels like she's about to dump him.

A bit of history

Did Facebook Skip Announcing A Foursquare-Killer Because It's Ta

Why didn't Mark announce a Foursquare-killer yesterday? On March 9, the New York Times reported that Facebook would announce a Foursquare-killer at the developer conference that went to down yesterday. NYT : Starting next month, the more than 400 million Facebook users could begin seeing a new kind of status update flow through their news feed: the current locations of their friends. Facebook plans to take the wraps off a new location-based feature in late April at f8, the company’s yearly developer conference, according to several people briefed on the project, who spoke on condition of anonymity because they were not authorized to discuss unannounced services. But yesterday came and went and nobody from the company mentioned anything about any location-based features.