Green Dot says it will pay a total of $43.4 million for Loopt, including $9.8 million, which will be set aside "as a retention pool" for key Loopt workers.
Location-aware social network Loopt is adding support for Facebook Places, allowing friends to check in on both social networks at once, while tracking everyone's whereabouts on one map.
Loopt's location-aware deals service is expanding to make the process of finding and traversing to a nearby deal a more exploratory experience.
After launching an iPhone app this summer, the Android move was a natural next step for the location-based networking tool.
TechCrunch reports that the mobile friend-finding service has hired Allen & Co. to sell or finance the company.
The friend-tracking software developer has struck a new licensing deal with a Qualcomm subsidiary that should make it cheaper for wireless operators to offer location services.
The privacy considerations of this iPhone 3G application
Loopt, the location-based social network, is getting a free iPhone application that helps you connect with friends.
At the Apple WWDC 2008 in San Francisco, Sam Altman, CEO of Loopt, previews a new application for the iPhone that uses location-based services. The new app blends social networks with the Maps application, so you can see where your friends are. You can also go to their journals to see what they've been doing today, what pictures they've added, and so on. This app will also be free.
Loopt, a GPS-enabled friend-finding service, is now integrated with mobile contact lists and IM buddy lists to allow Loopt users to send location information to all their friends.