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November 29, 2015 2:46 PM ET


Company Overview of Flipboard, Inc.

Company Overview

Flipboard, Inc. develops a digital personal magazine that collects content on users’ favorite topics. The company offers Flipboard, an application that enables users to keep their topics, news, and events they care about; collect stories, images, and videos into their own magazines; share their magazines to reflect their interests and express their perspectives; or collect things they want to read later. Its application is available on smartphone, tablet, or desktop platforms. The company was founded in 2010 and is based in Palo Alto, California. It has additional offices in New York, New York; and Beijing, China.

214 Homer Avenue

Palo Alto, CA 94301

United States

Founded in 2010

Key Executives for Flipboard, Inc.

Co-Founder and Chief Executive Officer
Head of Brand Design
Chief Technology Officer
Head of Marketing
Compensation as of Fiscal Year 2015.

Flipboard, Inc. Key Developments

Flipboard Sale Stalled

Flipboard, Inc. sale talks have been stalled due to the departure of several top executives. There are no active takeover discussions, according to Bloomberg, citing sources familiar with the plans but who asked not to be identified. Flipboard has been the subject of takeover talk by Apple Inc. (NasdaqGS:AAPL), Yahoo! Inc. (NasdaqGS:YHOO), Twitter, Inc. (NYSE:TWTR) and Alphabet Inc. (NasdaqGS:GOOGL).

Twitter Closer To Acquiring Flipboard

Twitter, Inc. (NYSE:TWTR) has reportedly considered a deal worth more than $1 billion to acquire Flipboard, Inc. and is supposedly getting closer to the deal. Reports about the deal, which would be Twitter's largest acquisition, also fueled speculation that Mike McCue, Flipboard's co-founder and a former Twitter board member, could become the Twitter Chief Executive Officer. Representatives for both Twitter and Flipboard declined to comment.

Google and Yahoo! Eyeing Flipboard

Google Inc. (NasdaqGS:GOOGL) and Yahoo! Inc. (NasdaqGS:YHOO) are reportedly is seeking acquisition of Flipboard, Inc. The companies have held discussions to acquire Flipboard in recent weeks, citing people familiar with the matter.

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