Yahoo Not in Talks to Acquire Foursquare Despite Report

CNBC: Yahoo is not in talks to acquire Foursquare, the location-based social “check-in” app, at this time, sources said. A previous report by TechCrunch hinted at a possible deal to the tune of $900 million, citing unnamed sources. Nevertheless, this rumor has no truth to it, CNBC’s David Faber said on “Squawk on the Street,” citing sources close to the situation.