Foursquare on verge of expansion

On Monday, the Wall Street Journal reported that startup website Foursquare, which allows users to "check in" at restaurants, bars, and other locations through their smartphones, is close to receiving funding that would allow major expansion.

On Monday, the Wall Street Journal reported that startup website Foursquare, which allows users to “check in” at restaurants, bars, and other locations through their smartphones, is close to receiving funding that would allow major expansion.

The organization previously discussed a possible acquisition by Facebook and Yahoo, with media reports suggesting the latter planned to acquire Foursquare for $100 million.

While the terms of the agreement were not disclosed, the funding for this round of investment, provided by Silicon Valley venture-capital firm Andreessen Horowitz, may be announced early next week.

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