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Microsoft Invests $15M In Foursquare

Redmond-based Microsoft is investing $15M in location-based check-in app developer Foursquare, as part of a deal to gain access to Foursquare's big database of business and other locations. Foursquare said the investment came as part of a licensing deal which gives Microsoft the right to use its data in Windows, Windows Phone, Bing, and other software. Foursquare is based in New York, and develops a social "check in" app.


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