Zite: Flipboard Acquires Vancouver-born Zite from CNN for up to $60 Million

Flipboard is taking Zite off CNN's hands. A source cited in Bloomberg suggests the deal involved no cash, with CNN taking an equity stake in Flipboard. A report from CNN is offering up a transaction value "as high as $60 million." CNN acquired Zite, which was born in Vancouver, for $20 million [...]