<p class="p1"><div class="KonaFilter image-container display-table float_right"><div><div class="image"><img src="https://static-ssl.businessinsider.com/image/5317381069bedd5507ecf106-524-393/flipboard-tour-mike-mccue-1.jpg" border="0" alt="Flipboard tour Mike McCue" /><p class="source"><span>Dan Frommer, Business Insider</span></p></div><p></p></div></div>Popular news reader application Flipboard has acquired a similar app made by CNN, Zite, in a $60 million deal. <a href="http://money.cnn.com/2014/03/05/technology/flipboard-cnn-zite/index.html">CNN's Laurie Segall</a> just broke the news.</p>
<p class="p1">Together,Flipboard and CNN will create e-magazines for some of CNN's shows. But they'll be combatting a slew of competitors which include Facebook's new app, Paper.</p>
<p class="p1"><span>"By bringing the Zite team and technology to Flipboard, we can deliver an even more personalized experience to every Flipboard reader," Flipboard's Mike McCue said in a release.</span></p>

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BusinessInsider

Flipboard Just Bought CNN's News Reader App Zite For $60 Million

Dan Frommer, Business InsiderPopular news reader application Flipboard has acquired a similar app made by CNN, Zite, in a $60 million deal. CNN's Laurie Segall just broke the news. Together,Flipboard and CNN will create e-magazines for some of CNN's shows. But they'll be combatting a slew of competitors which include Facebook's new app, Paper. "By bringing the Zite team and technology to Flipboard, we can deliver an even more personalized experience to every Flipboard reader," Flipboard's Mike McCue said in a release.

Dan Frommer, Business InsiderPopular news reader application Flipboard has acquired a similar app made by CNN, Zite, in a $60 million deal. CNN's Laurie Segall just broke the news.

Flipboard Just Bought CNN's News Reader App Zite For $60 Million

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