Moments ago, LinkedIn released a public statement confirming its acquisition of Pulse, which is owned by Alphonso Labs, Inc.
The transaction is valued at approximately $90 million.
Pulse is a leading news reader and mobile content distribution platform founded in 2010 by Akshay Kothari and Ankit Gupta while they were students at Stanford University.
Pulse currently has more than 30 million users who have activated its iOS and Android-based news reader apps in more than 190 countries.
According to LinkedIn’s announcement today, Pulse is available in nine languages, and approximately 40% of users are outside the United States.
As of this writing, more than 750 of the world’s leading publishers distribute their content through Pulse.
“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,” says Deep Nishar, SVP of Products and User Experience. “To continue to deliver that value to our members, our vision for content is that LinkedIn will be the definitive professional publishing platform, and Pulse is a perfect complement to this vision.”
