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

By

pulse1

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.

 

Source: All Things D

Newsletters

Daily round-ups or a weekly refresher, straight from Cult of Mac to your inbox.

  • The Weekender

    The week's best Apple news, reviews and how-tos from Cult of Mac, every Saturday morning. Our readers say: "Thank you guys for always posting cool stuff" -- Vaughn Nevins. "Very informative" -- Kenly Xavier.