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LinkedIn is close to acquiring Pulse, a popular news reading app, for as much as $100 million, according to a new report.

Citing unnamed sources, AllThingsD reported that Pulse had been in acquisition talks with several big companies, including Yahoo and Microsoft, but that LinkedIn won out. The publication has since heard that the deal is set to be for between $50 and $100 million, and talks between the two companies are said to be “nearly complete.”

Though it might sound like an odd pairing at first, LinkedIn has doubled down on content in recent years. The professional social network launched a news hub in early 2011 and has recently been ramping up its own original content by recruiting celebrities and thinkers to blog as part of the LinkedIn Influencers program.

Pulse was founded by two Stanford graduates in 2010 and received a nice boost when Apple’s former CEO Steve Jobs mentioned the app during an Apple event that year. Pulse has raised $9 million to date and currently has more than 20 million users reading 10 million stories per day.

source: Mashable

2013 Billionaire List

The 2013 Forbes Billionaires list now includes 1,426 names, with an aggregate net worth of $5.4 trillion, up from $4.6 trillion.  The U.S. leads the list with 442 billionaires, followed by Asia-Pacific (386), Europe (366), the Americas (129) and the Middle East & Africa (103)  Checkout the top 100 Billionaires in the world after the jump.

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Billionaire investor Warren Buffett says he’s still optimistic about local newspapers as long as they develop successful web strategies. In his annual letter to Berkshire Hathaway shareholders, Buffett explained why he bought 28 daily newspapers over the past 18 months for $344 million.


Source

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers.

Please LeBron, get in the dunk contest. I’m going to put up a million dollars. A million dollars to LeBron. Please get in the dunk contest. I go every year. I want to see you out there. A million to the winner,” Johnson said on ESPN Friday.

Hip Hop Album Sales: The Week Ending 2/24/2013

#16. Macklemore & Ryan Lewis – The Heist – 22,000 (379,000)

#30. Kendrick Lamar – good kid, m.A.A.d city – 15,000 (746,000)

#32. A$AP Rocky – Long.Live.A$AP – 14,000 (245,000)

#43. T.I. – Trouble Man: Heavy Is The Head – 12,000 (401,000)

#59. 2 Chainz – Based On A T.R.U. Story – 7,600 (550,000)

#64. Wiz Khalifa – O.N.I.F.C. – 6,800 (330,000)

#69. Joe Budden – No Love Lost – 6,300 (47,000)

#81. Chief Keef – Finally Rich – 4,900 (134,000)

#92. Game – Jesus Piece – 4,100 (201,000)

#96. Trinidad James – Don’t Be S.A.F.E. – 4,000 (11,000)

* data comes from Nielsen Soundscan, rounded to nearest thousandth for units above 10,000, nearest hundredth for units below 10,000.

Title / Weekend Gross (in millions usd $$$)

  1. Identity Theif  $14 m
  2. Snitch  $13.1 m
  3. Escape From Planet Earth  $10.6 m
  4. Safe Haven  $10.1 m
  5. A Good Day to Die Hard  $10.1 m
  6. Dark Skies $8.1 m
  7. Silver Lining Playbook $5.7 m
  8. Warm Bodies  $4.8 m
  9. Beautiful Creatures (2013)  $3.6 m
  10. Side Effects (2013) $3.3 m

  1. Madonna $34.5 million
  2. Bruce Springsteen  $33.4 million
  3. Roger Waters $21.1 million
  4. Van Halen $20.1 million
  5. Kenny Chesney $19.1 million
  6. Dave Matthews Band $18.9 million
  7. Tim McGraw $18.3 million
  8. Jason Aldean  $17.5 million
  9. Coldplay  $17.3 million
  10. Justin Beiber  $15.9 million

Top 40 list available at Billboard.com

2013 Money Makers Methodology via Billboard

The data used to compile Moneymakers was supplied by Nielsen SoundScan, Nielsen BDS, YouTube and Billboard Boxscore. Artists are ranked by U.S. earnings, and Billboard calculated a variety of income streams, including touring, recorded-music sales, publishing royalties and revenue from an array of digital music and video services for downloads, as well as on-demand and noninteractive streaming. Due to a lack of sufficient data, our figures don’t include revenue from sponsorships, merchandise sales or synchronization data. For album and track sales, we assumed a royalty rate of 20% of retail, minus producers’ fees. We treated all streaming revenue as derived from a licensing deal and thus split that revenue in half to calculate the artist’s take. We also applied corresponding statutory mechanical rates for album and track sales and the Copyright Royalty Board-approved formulas or rates used for the various streaming channels, and further estimated the share of songs written by the artists. For all artist revenue, we subtracted a manager’s fee of 10%. For box office, we credited each artist with 34% of gross receipts, typically what’s left after the promoter’s fee, the artist manager’s cut and other costs are subtracted.

Jordan earned an estimated $80 million last year from corporate partners Nike, Gatorade, Hanes, Upper Deck, 2K Sports, Presbyterian Healthcare and Five Star Fragrances. Other Jordan assets include six restaurants, a North Carolina car dealership, a motorsports team and his 80% stake in the Charlotte Bobcats.

The Jordan Brand, a division of Nike, is responsible for the vast majority of MJ’s earnings. Jordan partnered with Nike after being drafted by the Bulls out of North Carolina in 1984. The original five-year deal was worth $500,000 annually, plus royalties. The terms of Jordan’s current deal with Nike are a closely guarded secret, but royalties now generate more than $60 million annually for MJ, according to sources.

Jordan’s net worth is estimated at $650 million

spotted: Forbes

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Who gave away the most money of any American last year? Warren Buffett. He donated more than three times as much to charity than anyone else: $3.084 billion according to the Chronicle of Philanthropy, which just released its thirteenth annual Philanthropy 50 list of U.S. donors who pledged the most dollars in 2012. Checkout top 5 below: Read More

Chief Keef - Finally Rich

#15. Joe Budden – No Love Lost – 30,000 (30,000)

#19. Macklemore & Ryan Lewis – The Heist – 23,000 (336,000)

#24. A$AP Rocky – Long.Live.A$AP – 20,000 (221,000)

#26. Kendrick Lamar – good kid, m.A.A.d city – 20,000 (712,000)

#38. T.I. – Trouble Man: Heavy Is The Head – 15,000 (374,000)

#51. 2 Chainz – Based On A T.R.U. Story – 10,000 (533,000)

#57. Wiz Khalifa – O.N.F.I.C. – 9,200 (314,000)

#67. Brotha Lynch Hung – Mannibalector – 7,900 (8,000)

#79. Chief Keef – Finally Rich – 6,300 (123,000)

#93. Future – Pluto – 5,300 (271,000)

#97. Game – Jesus Piece – 5,000 (192,000)

#200. Nas – Life is Good – 2,200 (354,000)

* data comes from Nielsen Soundscan, rounded to nearest thousandth for units above 10,000, nearest hundredth for units below 10,000.

source: Forbes