LinkedIn has confirmed its acquisition of Pulse, a popular news reader application. Pulse makes mobile news aggregation and content distribution application. The acquisition is part of LinkedIn’s strategy of broadening its the scope of its professional networking site. According to Deep Nishar, the acquisition will help LinkedIn as it strives towards being a professional publishing platform. The deal will cost LinkedIn $90 million and is expected to close this quarter.
Pulse was started in 2010 by Ankit Gupta and Akshay Kothari at Stanford. The application is available for iOS and Android devices with more than 30 million users spanning 190 countries. In a blog post, the Pulse team promises to that its applications will remain the same even as they move into the LinkedIn headquarters in California.