iOS Newsreader App Pulse To Be Sold To LinkedIn For Over $50 Million

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Pulse has been one of our favorite newsreader apps for the iPad since it was released in 2010, but it’s looking for a new home.

According to a new report, LinkedIn wants to buy the maker of the iOS app Pulse, and they’re not afraid to spend big.

Liz Gannes at All Things D says that negotiations have begun between the two companies, with the current acquisition figure being somewhere between $50 million and $100 million.

Other companies like Microsoft and Yahoo have tried to strike a deal with Alphonso Labs, which makes Pulse, but those talks never went anywhere.

Alphonso Labs has raised about $10 million in funding from Redpoint Ventures, Greycroft Partners, Mayfield Fund, and others. Pulse works on a number of platforms and boasts 20 million users who read over 10 million stories per day.

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Buster HeinBuster Hein is Cult of Mac's Social Media Editor. Hailing from Roswell, New Mexico, but now spending his days in Phoenix, Arizona, he wastes most of his time eating burritos and reading Spanish romance novels. Twitter: @bst3r.

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