Disqus
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.
[Via: AllThingsD]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
Related Apps
LinkedIn for iPhone puts your professional network just a touch away. Walk into any interview or client meeting with the ability to look up the details and connect with over 100 million professionals…Read More »
One of only 50 apps in the Apple App Store Hall of Fame, Pulse is a beautiful application that makes reading news fun and engaging. Pulse takes your favorite websites and transforms them into a colorful…Read More »
