LinkedIn acquires Pulse in $90 Million deal

Pulse, and its 30 Million users, was bought out today by social platform LinkedIn

Pulse, one of the most popular news readers for Android, was bought out by none other than LinkedIn today. The deal was reportedly to the tune of $90 Million, which consisted of stocks and a cashtransfer. According to both parties, the Pulse news reader won't be going away any time soon, though. The Pulse team seems to be looking forward to the fruits of the deal, as they mentioned on their blog today.

LinkedIn is the perfect partner as we continue our journey. The company shares our passions and values, our belief in the power of knowledge and elevated discussion, particularly for professionals looking for insights to help make them better at what they do. We believe this important step is the key to an even better experience for our community, and were excited for whats to come.

We can't predict the future, but there's little reason for the new owners to change anything at the moment. Pulse has more that 30 Million users, and is clearly one of the more successful apps for Android and iOS. We expect Pulse to continue to operate as it does today, at least for the foreseeable future. If you've not yet tried Pulse, give it a look by clicking the Google Play link above.

Source: All Things D; More: Pulse

Via: LinkedIn acquires Pulse in $90 Million deal