Mozilla acquires Pocket
Mozilla might have failed in the mobile operating systems market, but they still have a lot going on. Not long after completely killing Firefox OS, the company has decided to complete its first strategic acquisition. Read It Later, Inc. is the company behind well-known Pocket plugin and multi-platform app.
According to the official blog post about this acquisition, "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." The Pocket content recommendation system has around 10 million unique monthly active uses on Android, iOS, and the web, the number of pieces of content saved until now exceeding 3 billion.
As a direct result of this corporate acquisition, Pocket will be integrated as a part of the Mozilla open source project, also becoming a wholly owned subsidiary of Mozilla Corporation. The financial terms of this deal remain a secret for the time being.
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