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Foursquare merges with Factual

Foursquare, the 10-year-old location platform based in New York City, has today announced its plan to merge with Factual.
The terms of the deal were not disclosed. The merged company will keep the Foursquare moniker, and Foursquare CEO David Shim will remain at the helm, with Factual’s founder and now-former CEO Gil Elbaz joining Foursquare cofounder Dennis Crowley as a member of the board and executive team.
Shim confirmed to TechCrunch that this merger was in the works before the coronavirus turned the world upside down.
A company spokesperson acknowledged that there are redundancies in the two teams — so …

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