Flipboard Is Buying Zite From CNN For $60M, After CNN Bought It For $20M Three Years Ago

This just in: Flipboard is buying Zite from CNN, which acquired the service three years ago for around $20 million. As part of the deal, it will integrate CNN content on to Flipboard, covering over 300 feeds. Terms of the deal were not disclosed on the call but CNN is reporting its value as $60 million. The move is a sign of ongoing consolidation in the space and comes in the wake of Facebook… Read More

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