LinkedIn acquires Pulse news reader for $90 million

LinkedIn has been pretty clearly repositioning itself as a source for news as of late, and it's now made that shift even clearer with a fairly major acquisition. The company announced today that it has acquired Pulse, maker of news reader apps for mobile devices (in addition to a web-based offering) at a cost of some $90 million. In its own blog post announcing the news, Pulse says that its apps will remain as they are for now, although they will now offer a "LinkedIn Influencer" feed featuring the company's hand-picked contributors. According to Pulse, its apps currently have over 30 million users around the globe, with approximately 40 percent of those outside the US; for its part, LinkedIn recently topped 200 million users.
Filed under: Internet, Software
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Source: LinkedIn, Pulse