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Yahoo Buys (Indonesian) Foursquare

Yahoo just bought what some are calling the Indonesian Foursquare. Named Koprol, the small social media company offers a geo-location service to its users, much in the same way as the more widely known Foursquare -- which, as The Register notes, Yahoo had also been pursing for a reported $100 million. "Koprol was uniquely designed for mobile phones and within a year has already built a strong user base," said Rose Tsou, Yahoo's SVP for the Asian region.

Yahoo provides the global scale and technology to accelerate growth in Indonesia as well as introduce the service to new markets." How much Yahoo dropped on Koprol is unclear. It's also not entirely clear why Yahoo would consider Indonesia's market to be of any particular significance, though, as The Register points out, the company is comfortable buying abroad. Last summer, for one, Yahoo bought the biggest online community in the Arab world -- Maktoob.com, which is based in Dubai.

Read the whole story at The Register (UK) »

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