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


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 News Editor who lives in Phoenix, Arizona. Twitter: @bst3r.

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