Foursquare is considering a sale to Yahoo, according
TechCrunch’s Michael Arrington --
a move he insists is not in the best interests of the hot location-based social network. In recent days, “Yahoo and maybe others expressed interest in the company, and are reportedly
offering way above [its current valuation of] $80 million,� Arrington notes. Such a deal, he maintains, would be bad for both parties. “What the heck is Yahoo
going to do with Foursquare that will somehow turn around their business? Absolutely nothing, that’s what. M&A for PR purposes is not what savvy executive teams do. Whatever
tech cred they think they’ll get by buying Foursquare is in their imagination.� What’s more, even if Yahoo could put Foursquare to good use,
Foursquare can do much, much better. In Arrington’s humble opinion, Yahoo is “where startups go to die.�
“They’ve bought so many companies that were so promising, only to see them wither on the vine.�
