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Pinterest has clicked the save button on Instapaper, announcing its acquisition of the application, which will continue to operate as a separate app.
Instapaper said in a blog post that its team will relocate from the New York offices of current owner Betaworks to Pinterest’s San Francisco headquarters, adding that its Instaparser developer product will be shuttered Nov. 1.
The company said in its blog post:
Today, we’re excited to announce that Instapaper is joining Pinterest. In the three years since Betaworks acquired Instapaper from Marco Arment, we’ve completely rewritten our back end, overhauled our mobile and web clients, improved parsing and search and introduced tons of great features like highlights, text-to-speech and speed reading to the product.