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Foursquare Said To Be In 'Advanced' Talks With Microsoft For Strategic Investment

Alyson ShontellAug 30, 2013, 01:28 IST

Flickr via Silicon Prairie NewsDennis Crowley, founder and CEO of FoursquareFoursquare, which just raised $41 million in debt a few months ago, is in serious talks with Microsoft about a strategic investment, Bloomberg reports.

An initial Bloomberg report said Foursquare was in talks with multiple large companies, but now Microsoft has been singled out.

Microsoft is known for making investments in big data companies. It invested in Klout, a social influence company, at a valuation worth a few hundred million dollars.

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The Foursquare-Microsoft talks might have kicked off when the two companies partnered on a Windows 8 app in June.

Microsoft has been struggling to add a cool-factor to Windows 8, so Foursquare was a good get for the company.

Foursquare has not responded to a request for comment about the strategic investment report.