LinkedIn has reportedly agreed to acquire the maker of the Pulse news reader application in a deal which could be as high as $100m.
AllThingsD cited sources familiar with the matter in reporting that the company had agreed to purchase Alphonso Labs in a deal which is said to range anywhere from $50m to $100m. The company has yet to provide any official word on a deal.
A visually-oriented news aggregator, the Pulse application takes items from news feeds and presents them in a "mosaic" interface which the user can navigate with touch gestures. The company supports the software on both the Android and iOS platforms.
Pulse has scored well in recent V3 reviews, earning four out of five stars in staff tests.
If confirmed and finalised, the Pulse acquisition could provide LinkedIn with a valuable addition to its mobile platform. In addition to the Pulse software, the deal would also give the business social networking giant an infusion of engineering talent by adding Alphonso Labs' staff to its ranks.
Despite competition from rivals such as Google+ and Facebook, LinkedIn has seen its stature in the social networking space grow in recent months. In January, the company passed the 200 million user mark.
The jump in traffic has done little to boost the company's bottom line. In February LinkedIn revealed that it was able to generate just $27m in profits over the course of 2012.
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