LinkedIn Acquires Pulse Newsreader

LinkedIn on Thursday confirmed a previous report, that it acquired 3-year-old newsreading app Pulse. The news was announced jointly on the companies' respective websites Thursday afternoon.

AllThingsD reports that the acquisition cost LinkedIn $90 million. Reps from LinkedIn could not be reached for comment

In LinkedIn's blog post, Deep Nishar, LinkedIn's SVP of products and user experiences, writes that he first met one of Pulse's two co-founders, Ankit Gupta, at a technology innovation competition in India years ago, before Gupta enrolled at Stanford and started developing Pulse. Nishar says Pulse, with its 30 million users and network of more than 750 publishers, will help LinkedIn become the primary platform for distributing and consuming business-related content. Read more...