Pocket platform is now been taken over by Mozilla. Both the parties announced about this on their official blog. For those who are not aware, Firefox is developed by the Mozilla Foundation, and now Pocket is an asset belonging to Mozilla. Financial terms of this deal went unquoted, but we expect it to be announced soon.
Pocket + Mozilla
On the blog, Mozilla team quoted:
We are excited to announce that the Mozilla Corporation has completed the acquisition of Read It Later, Inc. the developers of Pocket. Pocket will join Mozilla’s product portfolio as a new product line alongside the Firefox web browsers with a focus on promoting the discovery and accessibility of high quality web content. (Here’s a link to their blog post on the acquisition). Pocket’s core team and technology will also accelerate Mozilla’s broader Context Graph initiative.
Chris Beard, Mozilla CEO said:
We believe that the discovery and accessibility of high quality web content is key to keeping the internet healthy by fighting against the rising tide of centralization and walled gardens. Pocket provides people with the tools they need to engage with and share content on their own terms, independent of hardware platform or content silo, for a safer, more empowered and independent online experience.