Could Facebook Buy Loopt?

When Facebook’s recent acquisition of Twitter failed, many questioned why the company would turn down $500 million in Facebook stock options. While the actual valuation amounted to $100 - $130 million, Facebook was clearly looking to acquire a company which would instantly bolster their presence while removing a potential competitor from the social networking space. Thomas Ramussen of the 451 Group, suggests that another potential acquisition is Loopt.
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