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Flipboard acquires fellow content aggregator Zite from CNN

The Next Web - Way back in March 2011, we covered the launch of Zite, a free, personalized iPad magazine that promised to get “smarter” the more you use it. And now, more than two years after Zite was acquired by CNN, its news aggregation competitor Flipboard has snapped it up in a deal originally thought to be valued at around $60m, though Flipboard has since revealed that this number is “inaccurate”. Indeed, CNN now reports that this figure is more likely to be what the deal will eventually be worth.

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