LinkedIn Acquires Pulse for $90M

Online professional network LinkedIn (NYSE:LNKD) acquired Pulse, a news reader and mobile content distribution platform for approximately $90m.

Founded in 2010 by Akshay Kothari and Ankit Gupta, Pulse is one of the most widely used iOS and Android-based news reader platforms with more than 30 million users in more than 190 countries. It is available in nine languages.
Following the close of the transaction, which is expected to take place during the second quarter of 2013, members of the Pulse team will join LinkedIn at its Mountain View, Calif., headquarters. The existing Pulse apps will continue to be supported as the integrated Pulse and LinkedIn teams work to build future generations of professional content consumption products.

See in the slideshare the expected effects of the acquisition:



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