Snippet: Majority Stake of Instapaper Sold to Betaworks ☇

Marco Arment:

I’m happy to announce that I’ve sold a majority stake in Instapaper to Betaworks. We’ve structured the deal with Instapaper’s health and longevity as the top priority, with incentives to keep it going well into the future. I will continue advising the project indefinitely, while Betaworks will take over its operations, expand its staff, and develop it further.

While I always enjoyed the indie feel of Instapaper, I also understand that Arment’s other project, The Magazine has become much bigger and more time consuming. Betaworks seems like a good fit, especially if they actually do continue to develop and improve the product.