Yahoo Is "Sniffing" Around Local News Network Fwix, Deleted Tweet Suggests

Fred's fwix tweet

Union Square Ventures partner Fred Wilson just tweeted, and then deleted, this message:

“I saw the fwix email. Anything I need to do on that? Who at yahoo is sniffing?”

We infer from Fred’s tweet – which was probably meant to be a private message – that someone at Yahoo is “sniffing” around Fwix for an acquisition.

That would make a lot of sense. Fwix is a competitor to AOL’s local news network Patch.

In April, AOL CEO Tim Armstrong said Yahoo has “switched their strategy to a strategy that is more similar to ours.”

He’s right.

AOL and Yahoo are both reinventing themselves as media companies. Both have hired a number of name brand journalist for destination news sites. Yesterday, Yahoo bought Associated Content, a direct competitor to AOL’s freelancer platform

We’ve reached out to Fred for clarification. Fred isn’t  Fwix investor, but he is an investor in, a Fwix competitor.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at