Buy AOL? A More Likely Scenario for Yahoo’s Mayer Is a Big Local Search Acquisition to Spur Growth.

While the most recent rumor de jour has Yahoo eyeing a giant content purchase such as AOL, local and search considerations make more sense on a lot of levels as CEO Marissa Mayer looks for ways to improve Yahoo's ever-declining revenue performance.

So would Yahoo buy Foursquare? Or YP.com? Or perhaps, finally, Yelp?

It could happen, given that local search has become a renewed area of focus at the company, according to a number of insiders at the Silicon Valley Internet giant.

Read the full analysis on Recode.

—By Kara Swisher, recode.net.

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