LinkedIn Acquiring Pulse

Pulse, the developer of a mobile news-reading application, has agreed to be acquired by LinkedIn (NYSE: LNKD) for a reported $90 million. Based in San Francisco, Pulse most recently raised a $9 million Series A round of financing in 2011 from exiting investors New Enterprise Associates, Greycroft Partners and Lerer Ventures. Other exiting investors include Mayfield Fund, SV Angel, Redpoint Ventures, Lightspeed Venture Partners and e.ventures. The acquisition is expected to close in the second quarter of 2013.

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