Foursquare near funding round that values it at US$250m: report

[SAN FRANCISCO] Foursquare, which lets users find restaurants and stores and "check" into them, is discussing a funding round that would set its value at US$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 US$20 million and US$40 million and would include one new investor, which it did not name.

REUTERS