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Microsoft in investment, content deal with Foursquare

Microsoft has invested $15 million in check-in app Foursquare and will use the company's data in Bing search results and on other platforms.

The deal will generate extra cash for Foursquare and is also being seen as a proof-of-concept for the company's data.

For the full story from Re/code, click here.

By Peter Kafka, recode.net.

CNBC's parent NBC Universal is an investor in re/code's parent Revere Digital, and the companies have a content-sharing arrangement.