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March 5, 2014 07:36 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KykhODuDLZI/
Flipboard Is Buying Zite From CNN For $60M, Putting All Of CNN Worldwide On Flipboard
This just in: Flipboard is buying Zite from CNN, which acquired the site 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 isreportingits value as $60 million. The move is a sign of ongoing consolidation in the space and comes in the wake of Facebook… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/KykhODuDLZI/
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