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News app Summly's blockbuster sale to Yahoo shows how the smartphone rules

News app Summly's blockbuster sale to Yahoo shows how the smartphone rules

The 17-year old founder of mobile news app Summly plans to finish school and start more companies, after Internet giant Yahoo purchased his product.

Said Yahoo: “Founder Nick D'Aloisio and the Summly team are joining Yahoo! in the coming weeks. While the Summly app will close, we will acquire the technology and you'll see it come to life throughout Yahoo!'s mobile experiences soon. We're not

Yesterday, hot on the heels of its recent spate of acquisitions, Yahoo! picked up an interesting little app started by a 15-year-old kid in his family's London home. The app, Summly, was rumored to be picked up by the search

2 years of work. A $30 million offer. Just 17 years old.

Like children at bedtime, news consumers love nothing more than to be told the same story again and again.

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