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Foursquare Merges With Factual in Location-Data Deal

April 6, 2020, 11:56 PM

Foursquare Labs Inc. and Factual Inc. have merged in an all-stock deal, bringing together the two closely held companies focused on location data.

David Shim, the chief executive officer of Foursquare, will lead the combined company, he wrote in a blog post announcing the deal Monday. The financial terms of the deal weren’t disclosed.

New York-based Foursquare, which was founded in 2009, first rose to prominence as a social-media application where users earned badges and virtual “mayorships” for checking in at locations. It shifted its focus in recent years to providing location data for businesses.

“The combination of Foursquare and...

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