By Benjamin Mullin
CNN said it has acquired Canopy, the maker of a news reader app whose technology the company is planning to use for its forthcoming news-aggregation service.
CNN, which is a unit of AT&T Inc.'s WarnerMedia, didn't disclose the financial terms of the deal.
Canopy, which has about 15 employees in New York and Massachusetts, builds products that help users discover online content through a mix of human curation and machine learning. CNN said Tuesday that the deal has closed, and Canopy's developers now work for CNN.
CNN is planning on using Canopy's technology and developers to help power "NewsCo," the working title for an as-yet unlaunched news-aggregation service. NewsCo doesn't yet have a firm launch date or a settled consumer-facing brand.
Canopy created the Tonic news reader app, which serves up personalized recommendations to its users based on their reading habits and stated preferences. CNN is planning to phase Tonic out and build NewsCo using some of the app's ideas.
Write to Benjamin Mullin at Benjamin.Mullin@wsj.com