LinkedIn just announced it acquired Pulse, a popular news app, for $9o Million. Last month rumors were circulating that LinkedIn indeed purchased the company but no official announcement was released until now. The deal is worth $90 million, which includes 10 percent in cash and 90 percent in stock. Deep Nishar, SVP of Products and User Experience said “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.” Employee of Pulse will relocate to LinkedIn headquarters and will continue to run the Pulse App.
