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