Yahoo Isn’t Buying Foursquare

Yahoo Foursquare not in talks

Earlier today, TechCrunch published a report indicating that Yahoo may be in talks to purchase local search and discovery service Foursquare for $900 million. “One source says that the “deal is done” but details are still being ironed out. Others have also confirmed a Yahoo/Foursquare deal is in the frame,” TechCrunch wrote.

However, just a few minutes ago, Peter Kafka of Re/Code debunked TechCrunch‘s report after talking to “multiple people familiar with the companies.” WSJ reporter Doug MacMillan (particularly notable for his direct access to Yahoo CEO Marissa Mayer) also cited a source saying that Yahoo isn’t in talks to buy Foursquare.

Sources The Michael Report have pinged since the news broke  confirmed both Kafka and MacMillan’s account, adding that the rumors originated from Foursquare’s side rather than Yahoo’s.