LinkedIn Acquires Pulse a newsreader app startup, for $90 million.
“We are thrilled to be able to add Pulse’s considerable talent, technology, and products to our growing ecosystem of content offerings, and we believe that they will help us accelerate our ability to deliver to our members the insights they need to be better at what they do, on any device,” said Deep Nishar, SVP of Products and User Experience.
The transaction is valued at approximately $90 million, subject to adjustment, in a combination of approximately 90 percent stock and approximately 10 percent cash.
Pulse was founded in 2010 by Akshay Kothari and Ankit Gupta while they were students at Stanford University.The newsreader app now has more than 30 million registered users.
