BizSugar.com › News › LinkedIn to Buy Pulse Newsreader App for Over $50 Million

LinkedIn will acquire Pulse, the popular newsreader app, in a deal worth a reported $50 to $100 million. The Pulse app, made by San Francisco-based Alphonso Labs, has 20 million users who read more than 10 million stories per day! Previously Alphonso Labs was able to raise about $10 million from venture capital firms like Redpoint Ventures, Greycroft Partners, Mayfield Fund, Lightspeed Investment Partners, New Enterprise Associates and Lerer Ventures.