Marco Arment has announced that he has sold a majority stake in Instapaper to Betaworks, the company that snapped up Digg. Marco says that they have structured a deal with Instapaper's health and logevity as the top priority. He will continue advising the project indefinitely, while Betaworks will take over the operations, expand its staff and develop it further.
On Betaworks Marco said:
They have great engineering talent, great product direction, and plenty of experience running services at Instapaper’s scale. I wouldn’t put Instapaper in just anyone’s hands, and I know that they’ll do right by it.
With Betaworks’ drive and resources now behind it, I’m confident that Instapaper has a very bright future. I’m looking forward to seeing what they can do.
So yes Instapaper will live on even in the hands of Betaworks. I like what they did with Digg so hopefully they do a great job here to, it seems like a great fit.