Gannes's colleague Kara Swisher had reported that a deal was likely earlier on Monday.
"We don't comment on rumors or speculation," a LinkedIn spokesperson told us.
There are a host of news-reading apps on the market, which typically take news stories shared on social networks or selected by editors and reformat them for smartphones and tablets. Flipboard, backed by Kleiner Perkins, is one of the most notable. CNN acquired Zite, another contender, in 2011.
LinkedIn already offers a selection of news articles from a variety of sources in its LinkedIn Today section, which appears on both its website and mobile apps.
Featuring more content on the site may help LinkedIn grow its advertising business. But timely business news—for example, about a large Internet company buying a startup—may prompt salespeople, recruiters, and other LinkedIn members to reach out to customers or prospects using the network.
More From Business Insider
- LinkedIn's CEO Just Revealed How Big His Publishing Empire Is Now
- How LinkedIn Chooses What News Stories You See
- How LinkedIn's Dan Roth Became The Most Powerful Business Journalist On The Internet
- Investment & Company Information