TechCrunch: Loopt Looks for Sale/Investment
Loopt is perhaps the best known of the “friend finder”/location-based social networking apps that run on cell phones. TechCrunch reports the company hired the investment band Allen & Co. to find a potential sale or investment partner.
VentureBeat suggests a sale is unlikely considering what it considers and insane valuation: $500 million. The article also notes that Loopt is up in the top apps in the Apple AppStore. Why? It’s featured in iPhone TV commercials!
by Adena Schutzberg on 11/12 at 09:50 AM |
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