Some of you might remember that online bookmarking service Instapaper was acquired by Pinterest two years ago. It announced today that the company is going to be independent once again and has signed an agreement with Pinterest to transfer the ownership of Instapaper to a new company called Instant Paper, Inc.
It also added that this new company is owned and operated by the same people that have been working on Instapaper ever since it was first sold to betaworks by Marco Arment in 2013. The transfer of ownership is going to occur after a 21 day waiting period which is meant to give its users fair notice about the change of control with respect to their personal information.
The online bookmarking service is widely used by people as a read-it-later app to save articles and webpages to read offline on smartphones, tablets, e-readers, and other devices.
The team emphasizes that not much is going to change for users despite the change in ownership. The product itself will continue to be built and maintained by the very people who have been working on Instapaper for the past five years. ”