- Apr 12, 2001
That company owns Bitly, Digg, Socialflow and a number of other products. Terms of the deal were not disclosed.
Arment said he would like to work on other apps and creative projects, including The Magazine, his medium-form iPad magazine.I'm happy to announce that I've sold a majority stake in Instapaper to Betaworks. We've structured the deal with Instapaper's health and longevity as the top priority, with incentives to keep it going well into the future. I will continue advising the project indefinitely, while Betaworks will take over its operations, expand its staff, and develop it further.
Instapaper is available for the iPhone and iPad for $3.99. [Direct Link]
Article Link: Popular Read-Later App Instapaper Sold to Betaworks