LinkedIn has acquired Newsle
LinkedIn Buys Newsle to Show Relevant News About People in Your Network LinkedIn is buying Newsle. A web app for surfacing news about people in your network. The two companies announced Monday. The terms of the deal were not immediately disclosed.
Newsle was founded three years ago and had about two million users at the acquisition time. The startup, which had raised more than $2 million in funding, uses machine learning algorithms and natural language processing to highlight news about your connections on Facebook and LinkedIn.
LinkedIn and Newsle share a common goal
We both want to provide professional insights that make you better at what you do,” Ryan Roslansky, head of content products at LinkedIn, wrote in a blog post announcing the deal. “For example, knowing more about the people in your network – like when they’re mentioned in the news – can surface relevant insights that help you hit your next meeting with them out of the park.”
Newsle will continue to operate as a standalone service for now. According to a statement on its website, the team behind it will join LinkedIn to help integrate features into the social network.
LinkedIn has invested in efforts to help users produce and discover content that might be helpful or relevant to their careers through acquisitions like Pulse. A news reader application, and the introduction of the LinkedIn Influencers program and the rollout of a publishing platform to all users.
LinkedIn’s stock was up by about 1% in early trading Monday.