Back in August we wrote about a Y Combinator-funded company called Whereoscope that helps parents keep tabs on their kids using a location-aware smartphone application. Now we're hearing that the startup is about to be acquired by a company that's in an entirely different space: Zynga. Our understanding is that a term sheet has been signed but the deal has not yet closed, so it's not a sure thing yet.�Both Whereoscope and Zynga declined to comment. If it does close, we believe it will be for sub-$5 million, likely in valuable Zynga equity. Given the fact that Zynga isn't exactly focused on child location monitoring, this is probably a talent acquisition. But it's a quick and positive outcome for the founders, especially given that the app launched less than six months ago. 
Source: http://feedproxy.google.com/~r/Techcrunch/~3/1e1K9CIeH2w/
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