Yahoo interested in small acquisitions
Yahoo has been said to be interested in acquiring Foursquare. The company has now hinted that they are looking for smaller acquisitions provided the price is right for the product being offered.
The company has also stated that they are very much interested in the location based services… a market that is growing at a rapid pace today.
Yahoo CEO Carol Bartz has been quoted as saying: “I won’t comment on Foursquare directly but what I’ll comment on is that local information, where someone is, what’s in your neighborhood, that’s very interesting.”
Yahoo can look towards new services now that they have pretty much outsourced their search services to Microsoft. Yahoo search engine would soon be powered with Microsoft Bing technology.