LinkedIn Acquires Pulse Mobile-News Reading Tool for $90 Million
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LinkedIn Corp., the biggest online professional-networking service, said it’s buying startup Pulse for about $90 million, accelerating an expansion into distributing content for users.
The company is paying about 90 percent in stock and 10 percent in cash for the application, which is owned by Alphonso Labs Inc., Mountain View, California-based LinkedIn said yesterday in a statement.