LinkedIn to buy news app Pulse in deal worth up to US$100 mil.: report
AFPSAN FRANCISCO -- Career-focused social network LinkedIn is buying the news reading app-maker Pulse in a deal valued at between US$50 million and US$100 million, according to technology website All Things Digital.
March 13, 2013, 1:20 pm TWN
LinkedIn would not comment on what it referred to as “rumor or speculation.”
Pulse was founded in early 2010 by then Stanford University graduate students Akshay Kothari and Ankit Gupta “to revolutionize the mobile news reading experience,” according to a message at the startup's website.
Pulse applications for Apple and Android powered smartphones or tablets were designed a “fast, fun and beautiful way to read your favorite blogs, magazines and newspapers.”