Pocket started in 2007 and previously named Read It Later.
Mozilla, the company that made the open source Firefox browser, has announced that it is acquiring the read it later service Pocket for an undisclosed amount.
Pocket lets you save various links, articles, images and videos and view them in an organized layout. Pocket has extensions on the most popular browsers, along with dedicated apps on iOS and Android devices. The bookmarking service is free, though advanced features can be availed with a monthly or annual subscription.
Mozilla CEO Chris Beard believes that the ‘discovery and accessiblity’ of the content that you find online is the key in making the internet ‘healthy’.
As a result of the acquisition, Pocket will become a wholly owned subsidiary of Mozilla Corporation and will become part of the Mozilla open source project.