Mozilla Corporation has loosened its purse strings and splashed an undisclosed sum of money on buying Read It Later, the company behind web service and browser plugin Pocket. Mozilla Corporation has loosened its purse strings and splashed an undisclosed sum of money on buying Read It Later,…
Mozilla Corporation has loosened its purse strings and splashed an undisclosed sum of money on buying Read It Later, the company behind web service and browser plugin Pocket.
Described as the company’s “first strategic acquisition”, Mozilla’s purchase of Pocket is part of a drive to promote the discoverability and accessibility of online content. Read It Later will clearly benefit from Mozilla’s acquisition, and the Firefox producer says that the developer will also help to accelerate its Context Graph initiative.
The acquisition means that Pocket will become a wholly owned subsidiary of Mozilla Corporation and will also become part of the Mozilla open source project.
