O Instapaper (news service that offers the ability to read later, among others) announced that it has closed an agreement with the Pinterest to reacquire the service purchased in 2016 through the social network, as disclosed by the company's blog.
In addition, the creation of the company was announced Instant Paper, formed to supervise the Instapaper from now on. According to the company, it will be formed largely by the same people who have worked with the service since 2013.
Instapaper said in the note that the transfer of ownership will take place in three weeks, as some legal issues require prior notice of the change of control with respect to users' personal information.
We want to emphasize that little to switch to Instapaper with the transfer. The service will continue to be developed by the same people who have worked at Instapaper for the past five years. We intend to continue offering a robust service that focuses on readers and the reading experience in the near future.
Instapaper was acquired by Pinterest in 2016 and, since then, support has provided some improvements to the service, including a new search tool, an extension for Firefox and optimization for the latest mobile operating systems, such as iOS.
In addition, Instapaper promised to continue working to offer the best reading app for users.
We're working on GDPR compliance and hope to have the service available to everyone in the EU as soon as we can
– InstapaperHelp (@InstapaperHelp) July 16, 2018
The company also intends to resolve, as soon as possible, the privacy problems faced with the General Data Protection Regulation (General Data Protection Regulation, or GDPR), responsible for deactivating the service in Europe for almost two months.