According to AllThingsD, the acquisition was agreed upon to the tune of $90 million.
LinkedIn and Pulse apparently make an unlikely pair. But the acquisition actually goes toward the former’s goal of becoming, as LinkedIn SVP of Products and User Experience Deep Nishar puts it, “the definitive professional publishing platform — where all professionals come to consume content and where publishers come to share their content.”
For its part, the Pulse team says that “LinkedIn is the perfect partner as we continue our journey. The company shares our passions and values, our belief in the power of knowledge and elevated discussion, particularly for professionals looking for insights to help make them better at what they do.”
The Pulse team has also announced the addition of a new Linked Influencers feed in the Pulse app, enabling you to read posts by well-known thought leaders. But the team suggests that the app will remain significantly unchanged for the time being.