LinkedIn (LNKD) is acquiring Alphonso Labs, the developer of popular news reader app Pulse, for...

|About: LinkedIn (LNKD)|By:, SA News Editor

LinkedIn (LNKD) is acquiring Alphonso Labs, the developer of popular news reader app Pulse, for $50M-$100M, AllThingsD reports. LinkedIn has been working hard to improve user engagement, which remains well below that of Facebook and Twitter, by rolling out a slew of features typically associated with consumer social networks.