Zite sale to CNN confirmed; bye-bye Vancouver, hello San Francisco

CNN has confirmed that it is buying Zite, the Canadian tablet software developer for an undisclosed price (said to be in the area of $20 million). With the purchase, however, Zite is decamping from Vancouver to San Francisco. A story on the CNN site said that Zite will operate as an independent company (CNN's headquarters are in Atlanta). Zite's sole product is an iPad application that aggregates users' favourite topics based upon what they choose to read and how they rate what they read.