‘LinkedIn Acquires Pulse Newsreader for $90 Million’ – ‘Mashable’

Lauren Indvik says, “LinkedIn on Thursday confirmed a previous report, that it acquired 3-year-old newsreading app Pulse. The news was announced jointly on the companies’ respective websites Thursday afternoon.AllThingsD reports that the acquisition cost LinkedIn $90 million. Reps from LinkedIn could not be reached for comment. Update: LinkedIn confirmed the deal is valued at approximately $90 million, 90% in the form of company stock and 10% in cash”.