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Flipboard Buys CNN's Zite App For $60M

  • CNN.com, Wednesday, March 5, 2014 1:27 PM
You wouldn’t think Flipboard would need a news-reader app, but that’s what it just bought from CNN for a reported $60 million. “The company says it will capitalize on Zite's personalization technology, which enables the app to deliver results based on the user's interests and social networks and interests,” CNNMoney.com writes by way of explanation. Along with Zite, Flipboard is getting the chance to team up with CNN on the launch of custom magazines for CNN shows.
 

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