Yahoo isn't the only tech giant going on a shopping spree this summer. 

Twitter announced Wednesday it acquired social discovery start-up Spindle. Twitter will shut down the service and Spindle's team will relocate to San Francisco. No terms of the deal were disclosed in either company's press release. 

In case you're unfamiliar with Spindle, All Things D's Mike Isaac, who broke the story, calls it a "social startup (sic) focused on the location and check-in space, and discovering local places of interest nearby."

Put simply, Spindle hyperactively filters useful data streamed through sites like Facebook and Twitter to make local discovery quicker and more intuitive.

Rather than simply display where you are, Spindle shows you what's happening where you are, using data such as the time of day, points of interest like restaurants, and actual keywords found in a business' status update. 

No word yet on how Twitter plans to put Spindle to use, but expect the micro-blogging platform to get a lot more location savvy.