Flipboard has today confirmed its acquisition of rival news reader Zite from CNN. The company plans to integrate Zite’s technology into its existing service, while Zite as we know it will be killed off.

“We’re going to integrate the technology into Flipboard in the coming months,” Flipboard CEO Mike McCue announced during a press call with CNET on Wednesday. “We do not plan to continue to evolve Zite, we think we should focus on a single product.”

This is a real shame as I personally preferred Zite over Flipboard.