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LinkedIn buys out Newsle

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MUMBAI: LinkedIn, world's largest professional network, has acquired Newsle, a San Francisco based machine learning startup. According to various media reports, the terms of the deal are undisclosed.

It can be noted that LinkedIn has over 300 million members in more than 200 countries and territories around the globe. Newsle is an application developed that sends news updates to connections on various social networks. Typically, whenever a contact is mentioned in a news article, Newsle will send an e-mail about it in near real-time.

In a blog post on LinkedIn, it stated that LinkedIn and Newsle share a common goal; both want to provide professional insights that make an individual better at what he/she does.

According to a report by ANI, the acquisition was the latest on Linkedin's list which has been spending generously on acquiring companies that can bolster its services and offer a better user-experience on the website.

The last acquisition took place in February when Linkedin acquired Bright, a data-driven job search startup, to bolster its job-search features.

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