LinkedIn will buy San Francisco-based newsreader appmaker Pulse, according to sources familiar with the negotiations.
The price of the acquisition is in the tens of millions, they said — between $50 million to $100 million.
Kara Swisher reported earlier today that a deal was in the works, with Microsoft and Yahoo also engaged in talks.
San Francisco-based Alphonso Labs, which makes Pulse, has about $10 milion from Redpoint Ventures, Greycroft Partners, Mayfield Fund, Lightspeed Investment Partners, New Enterprise Associates and Lerer Ventures. It has 20 million users who read more than 10 million stories per day.
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