Home Technology LinkedIn To Acquire Popular News Reader Pulse For $50M [REPORT]

LinkedIn To Acquire Popular News Reader Pulse For $50M [REPORT]

When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.

LinkedIn Corp (NYSE:LNKD), the 200-million-member-strong professional network, is set to acquire Pulse for up to $5o million, All Things D reported.

Citing anonymous sources, AllThingsD reported that Pulse had been in talks with several big companies for its acquisition out of which, Yahoo! Inc. (NASDAQ:YHOO), Microsoft Corporation (NASDAQ:MSFT) and LinkedIn were the most potential buys.

LinkedIn To Acquire Popular News Reader Pulse For $50M [REPORT]

Winning the deal with the popular newsreader, LinkedIn Corp (NYSE:LNKD) is likely to close the deal between $50 and $100 million. No official word has however been received by either LinkedIn or Alphonso Labs, the team behind the Pulse newsreader.

LinkedIn Corp (NYSE:LNKD) may not, unlike other acquisition, kill the Pulse newsreader after acquiring it and may use the Pulse team’s design to modify its own personalized news feed.

Alphonso Labs has raised about $10 million from Redpoint Ventures, Greycroft Partners, Mayfield Fund, Lightspeed Investment Partners, New Enterprise Associates and Lerer Ventures. The team has forged partnerships with the leading publishers, and over 20 million people use its beautifully designed apps.

Considering the number of changes that the professional social network took from interface revamping to a central hub for consuming online content, the acquisition makes all sense. LinkedIn’s 2013 goals now include adding new features to its mobile apps (the fastest growing consumer product) and increasing engagement with the content on its homepage.

Previous acquisitions have also helped in that transition. The most high-profile of these up until now saw LinkedIn Corp (NYSE:LNKD) shell out US$118-million for SlideShare last year.

The popular newsreader app was formed at Stanford University, and proved to be an overnight sensation.

 

 

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Sheeraz Raza
Editor
Business

Chinese Stocks Jump on Promise of “Moderately Loose” Monetary Policy

David Moadel36 minutes

The newly-announced measures mark a significant tonal shift in Chinese monetary policy Shares of Alibaba (NYSE:BABA), JD.com (NASDAQ:JD), Baidu (NASDAQ:BIDU), and other Chinese stocks rallied sharply Monday morning after the Chinese government announced stimulus measures to...

Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.