December 23, 2015 / 12:50 AM / 2 years ago

Foursquare near funding round that values it at $250 million - Re/code

SAN FRANCISCO (Reuters) - Foursquare, which makes apps that let users find restaurants and stores and “check” into them, is discussing a funding round that would set its value at $250 million, less than half its worth two years ago, tech news site Re/code reported on Tuesday, citing sources.

The site also said the company had talked to potential buyers.

Re/code said the funding round would raise between $20 million and $40 million and would include one new investor, which it did not name.

Foursquare raised $35 million in a fundraising round in 2013. The Wall Street Journal reported at the time that round valued the company at $650 million, citing people familiar with the transaction.

Foursquare has been the subject of takeover speculation, with Yahoo Inc being reported more than once as a potential buyer.

Foursquare declined to comment on the Re/code report.

Reporting by Sai Sachin R in Bengaluru; Editing by Stephen R. Trousdale and Sandra Maler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below