Foursquare Labs Inc. has decided to merge with another location-focused startup, Factual Inc., in an all-stock deal, the companies said on Monday. The financial terms of the deal weren’t disclosed.
Foursquare and Factual merge, CEO Shim to lead combined company – marketingland.com
In something of a surprise announcement Monday, Foursquare and Factual said they were merging. No terms were disclosed but the companies reported their combined revenue would be $150 million, which is smaller than we might have expected; the majority of which is likely Foursquare’The new Foursquare will have more than 400 employees.
Link: Foursquare and Factual merge, CEO Shim to lead combined company
via marketingland.com
