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LinkedIn Buys Newsle

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

LinkedIn Corp. (LNKD) said Monday that it has acquired Newsle, a web application that allows users to follow real news about their friends, contacts, and public figures.

Terms of the deal were not disclosed.

"For the last three years, Newsle has leveraged its disambiguation, natural language processing and machine learning algorithms to build an extremely compelling product that finds blogs and articles that mention you or anyone you care about - colleagues, bosses, industry thought leaders, etc. - and notifies you seconds after they've published. We're excited to work with Newsle's team to combine this technology with our core assets and build experiences that continue to make you and millions of other professionals more productive and successful," Ryan Roslansky, Head of Content Products at LinkedIn, said in a blogpost.

Newsle's team of engineers, along with its two founders, Axel Hansen and Jonah Varon, would join LinkedIn. Newsle online will remain as a standalone service as all its functionality is combined with LinkedIn's core services.

LinkedIn shares closed Monday's regular trading session at $159.70, up $3.12 or 1.99%.

For comments and feedback contact: editorial@rttnews.com

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