Tuesday, September 6, 2011

CNN buys iPad news reader Zite

US cable television network CNN announced on Tuesday that it has bought
Zite, a Canadian company that makes a personalized news reader for the
iPad.CNN did not say how much it paid for the San Francisco- and
Vancouver-based Zite, which was launched in March, but technology blog All Things Digital put the purchase price at $20 million to $25 million.CNN
said Zite will be a wholly owned