Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.
Flipboard Just Bought CNN's News Reader App Zite For $60 Million
Flipboard Just Bought CNN's News Reader App Zite For $60 Million
Alyson ShontellMar 5, 2014, 20:14 IST
Dan Frommer, Business InsiderPopular news reader application Flipboard has acquired a similar app made by CNN, Zite, in a $60 million deal. CNN's Laurie Segall just broke the news.Together,Flipboard and CNN will create e-magazines for some of CNN's shows. But they'll be combatting a slew of competitors which include Facebook's new app, Paper."By bringing the Zite team and technology to Flipboard, we can deliver an even more personalized experience to every Flipboard reader," Flipboard's Mike McCue said in a release.
