Flipboard Acquires CNN’s Zite News Reader App

News reader apps have become one of the best ways to get the news from across the world to your smartphone. However, internet data connection has to be enabled in the handset. In the progressive app market, showing signs of growth is a popular app called Flipboard.

The company has recently acquired Zite from CNN at an undisclosed price. However, CNN is reports that the deal could be worth as much as $60 million. CNN itself had acquired Zite back in 2011 for around $20 million.

According to the conditions of the deal, CNN will now be making its selected contents available on Flipboard. To be precise, Flipboard will now get access to the content of CNN's top reporters including Fareed Zakaria's GPS Daily, The Lead with Jake Tapper and John King's Go "Inside Politics".

On the other hand, Zite via a blog post said that it will be available for 6 more months for the users but soon after the integration process with Flipboard is complete, it will shut down.

To brief you a bit, Flipboard is currently available across all the major mobile platforms like Android, iOS and Windows Phone.

Mike Klaas, Co-founder and CTO of Zite via a blog post said, "Our goal is to get the things that are great about Zite into Flipboard before shutting it down. We will also build a way for you to transition your data from Zite into Flipboard. Until then (for six months at a minimum), we will continue supporting Zite. Our users mean the world to us; after all, what Flipboard saw in us, you saw first. We hope you come with us and help us shape the future of news."

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