LinkedIn Acquires Pulse For $90 Million, Intends To Build New Products

Posted on Apr 12 2013 - 6:32am by Editorial Staff

LinkedIn + Pulse

LinkedIn announced that it has acquired Pulse, a news reader and mobile content distribution platform, something similar to Flipboard for $90 million. Pulse, which was founded in 2010 by Akshay Kothari and Ankit Gupta while they were student at Stanford University and within span of time their app turned out to become one of the most widely used platforms for content consumption on the internet.

Pulse currently has over 30 million users who have activated its iOS and Android-based news reader apps in over 190 countries. With availability in nine languages and about 40% of users is living outside the United States, Pulse holds a bigger mark. The app currently serving as a medium for more than 750 of the world’s leading publishers distributing their content.

LinkedIn’s SVP of “Products & User Experience,” Deep Nishar says that Twitter and Pulse team will be “working side by side…to create new and better ways to help professionals contribute to and leverage this collective body of business knowledge. In the meantime, Pulse will continue to deliver the news you care about and will remain the great experience you count on everyday.”

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