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Betaworks Acquires Instapaper

April 25, 2013

By Gilbert Falso :: 6:13 PM

Betaworks Acquires Instapaper.Betaworks, the parent company behind news aggregation site Digg, has acquired Instapaper, the web service that allows users to tag webpages and save them for later reading.

The purchase of Instapaper is not a great surprise, given that Digg is working on a social reader application that is widely hoped to replace Google Reader. The Instapaper acquisition positions Betaworks well to be a big player in the social reading, sharing and discovery market.

Terms of the deal have not been immediately disclosed.

Filed under → Cloud Computing, Investment and Funding, Journalism, Mergers & Aquisitions, Social Media, Startups