LinkedIn eyeing news app

Career-focused social network LinkedIn is buying the news reading app-maker Pulse in a deal valued at between $50 million and $100 million, according to technology website All Things Digital.

Pulse applications for Apple and Android powered smartphones or tablets were designed a "fast, fun and beautiful way to read your favorite blogs, magazines and newspapers."

The startup claims more than 20 million Pulse app users and said it is adding more than two million users monthly.

LinkedIn, however denied any comment on this news and referred to as "rumor or speculation."