LinkedIn (LNKD) confirms it has bought iOS/Android news reader app Pulse. The purchase price is...

LinkedIn (LNKD) confirms it has bought iOS/Android news reader app Pulse. The purchase price is $90M (90% stock, 10% cash - LinkedIn's valuation might have something to do with that), in-line with the $50M-$100M reported last month by AllThingsD. If the SlideShare acquisition is any guide, look for LinkedIn to keep supporting Pulse's apps - the startup claims 30M+ people have used them at some point - while looking for ways to integrate its tools with its site, as it keeps looking for ways to bring user engagement closer to that of consumer-oriented social networks.

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Comments (5)
  • nemonemo
    , contributor
    Comments (339) | Send Message
    LNKD best short candidate you can find for 200% to 300% gain.
    11 Apr 2013, 04:54 PM Reply Like
  • Esekla
    , contributor
    Comments (4758) | Send Message
    I think not, nemo. While I completely agree that it is overvalued, perpetual burning of the shorts is part of what helps to drive it higher. As I've commented in the past, it's best to just stay away from this one. Perhaps I'll write an article giving more details. In the meantime, if you must fight the Fed/zombie investment money combo and rail against a story (hype) stock, CRM is similarly overvalued and at least has catalysts on the horizon, but there are probably better (unheard of) shorts out there than even that.
    12 Apr 2013, 04:25 AM Reply Like
  • nemonemo
    , contributor
    Comments (339) | Send Message
    Check out all their acquisitions. All paid in shares. Their growth is limited. I have worked with tech co. and strategy for long time. This is going to crash. Sorry but you may have 1-2 QT left.
    12 Apr 2013, 01:20 PM Reply Like
  • cabmaker
    , contributor
    Comments (198) | Send Message
    This is the best short ever. The officers CEO,CFO,Other officers and directors are selling their shares at a rapid rate. Only these people know the value of the stock. If you believe in the 2014 earnings forecast of $.92 and want to pay 100 times earnings than the stock could be worth $92. Enough said buy puts.
    12 Apr 2013, 08:18 AM Reply Like
  • Vegas Ben
    , contributor
    Comments (212) | Send Message
    Let's see... $90M, 90% of which is stock. That is $81M stock and $9M million cash. LNKD is worth $20 per share instead of $180, so that $81M in stock is actually only worth $9M, so they bought Pulse for only $18 Million dollars.
    15 Apr 2013, 11:57 AM Reply Like
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