Betaworks, the media company which bought Digg last year has now bought a majority stake in Instapaper. The deal was brought to light by founder and owner Marco Arment on his personal blog. Also Read - How to create your own Memoji on iPhone for fun conversations
Instapaper, for those who aren’t familiar, is a service launched in 2008 that is largely credited as being the first to allow users to save webpages for offline reading at a later time. Arment started off the service as a web app and then expanded into iOS and Android. Though it was a huge hit initially, in recent times it has been facing stiff competition from other apps like Pocket and Readability. Also Read - Poco X3 GT will get 67W fast charging similar to the F3 GT in India
Explaining the reason behind the deal Arment wrote, “Instapaper has simply grown far beyond what one person can do. To really shine, it needs a full-time staff of at least a few people.” “But I wouldn’t be very good at hiring and leading a staff, and after more than five years, I’d like an opportunity to try other apps and creative projects,” he added.
The post on his blog not being an official announcement, there’s no word on how much the deal is worth.