Instapaper has announced that it is being acquired by Pinterest and that the app will continue as an independent application.
The app was created by Marco Arment and sold to Betaworks three years ago and the team who have been working on the app will continue to work on it and will also work on Pinterest.
Today, we’re excited to announce that Instapaper is joining Pinterest. In the three years since betaworks acquired Instapaper from Marco Arment, we’ve completely rewritten our backend, overhauled our mobile and web clients, improved parsing and search, and introduced tons of great features like highlights, text-to-speech, and speed reading to the product.
All of these features and developments revolved around the core mission of Instapaper, which is allowing our users to discover, save, and experience interesting web content. In that respect, there is a lot of overlap between Pinterest and Instapaper. Joining Pinterest provides us with the additional resources and experience necessary to achieve that shared mission on a much larger scale.
You can find out more details about Pinterest’s acquisition of Instapaper at the link below, there are no details on how much the deal involved.