Thursday, April 11, 2013

LNKD: LinkedIn (LNKD) confirms it has bought...

4:46 PM LinkedIn (LNKD) confirms it has bought iOS/Android news reader app Pulse. The purchase price is $90M (90% stock, 10% cash - LinkedIn's valuation might have something to do with that), in-line with the $50M-$100M reported last month by AllThingsD. If the SlideShare acquisition is any guide, look for LinkedIn to keep supporting Pulse's apps - the startup claims 30M+ people have used them at some point - while looking for ways to integrate its tools with its site, as it keeps looking for ways to bring user engagement closer to that of consumer-oriented social networks. Read comments

LNKD price at time of publication: $180.20. Check LNKD price now »

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