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"Microsoft just became a Foursquare investor and the startup's biggest source of revenue, as noted by The Wall Street Journal. The two companies have reached a licensing agreement that will see Foursquare's valuable data used in products like Windows Phone and Bing.\r\n\r\nAs part of the deal, Microsoft is adding a $15 million investment to Foursquare\u2019s $35 million Series D round from last December. According to the Journal, Foursquare was valued at $650 million when the round took place.\r\n\r\nFoursquare CEO Dennis Crowley told Fast Company that the licensing agreement goes deeper than a standard API integration and will offer access to features like real-time recommendations that aren\u2019t yet part of the API. Microsoft, however, won't have an exclusive on the data.\r\n\r\nIn a blog post announcing the new partnership, Foursquare wrote:\r\nSo, in the near future, when you use Microsoft devices powered by the Windows and Windows Phone operating systems and products like Bing, places will be enhanced by Foursquare \u2013 to provide contextually-aware experiences and the best recommendations of any service in the world\r\n\u27A4 Foursquare Teams With Microsoft for Dollars and Data\r\n\r\nThumbnail credit: John Macdougall\u00A0/ AFP / Getty Images\r\n\r\n&amp;amp;nbsp;"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/microsoft/2014/02/04/microsoft-signs-deal-license-foursquares-location-data-invests-15-million-company/>