Blog Post

Yahoo Buys Indonesian Location-Based Social Network Koprol

No FourSquare deal (at least yet) — but Yahoo (NSDQ: YHOO) has purchased Koprol, a location-based social network, which has attracted a following in Indonesia. With Koprol, users “check-in” to their current location from their phones and can then see what other users are nearby; members can also start discussions and review the establishments they are visiting.

The site is currently active in about 200 cities in Indonesia — but Yahoo says in a statement it will now expand the service to “new markets.” The company also says it will use information shared on Koprol to “make its properties and applications … more locally relevant.”

The deal comes as Yahoo — which has said for a year now that it is interested in making social networking-related acquisitions — has also been reportedly considering making a bid for U.S.-based “check-in” service FourSquare. In early April, Yahoo had been said to be close to offering as much as $100 million for that startup, although chatter has since died down.

No financial terms of the Koprol deal were released.