Apple Insider 11 April 2013
In a tweet and subsequent blog post, LinkedIn announced on Thursday that it has acquired popular news aggregation and reader Pulse, with the buy signaling in no uncertain terms that the business networking giant is moving toward online content.
The news comes one month to the day after a rumor surfaced regarding the possible Pulse takeover hit the Web. At the time, concrete pricing and details were scarce, but the deal was thought to be worth “tens of millions” of dollars.
As noted by AllThingsD, the agreement ultimately amounted to some $90 million, a substantial buy for LinkedIn.
“We believe LinkedIn can be the definitive professional publishing platform – where all professionals come to consume content and where publishers come to share their content,” said LinkedIn’s head of product and user experience Deep Nishar in a blog post. “Pulse is a perfect complement to this vision. Pulse’s core value proposition is to help foster informed discussions that spark the decisions shaping the world around us through news and information.”
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