It looks like LinkedIn is looking to acquire Pulse News reader in a deal that’s worth north of $50 million, possibly up to $100 million.
According to sources familiar with the negotiations, the business-focused social network may not be the only company looking to buy Pulse with Microsoft and Yahoo also engaged in talks.
Pulse News is a product of San Francisco-based Alphonso Labs, which has thus far raised about $10 million from a number of VCs – including Redpoint Ventures, Greycroft Partners, Mayfield Fund, Lightspeed Investment Partners, New Enterprise Associates and Lerer Ventures. It has 20 million users who read more than 10 million articles every day.
LinkedIn declined to comment on this. Their other acquisitions include CardMunch, SlideShare and Rapportive.