• TechCrunch, Monday, April 19, 2010 3:45 PM

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."

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