Yahoo announced today that it has acquired Summly, a mobile news aggregation app from British entrepreneur Nick D'Aloisio. D'Aloisio is only 17-years-old. When he started Summly, he was only 15. Summly scans the Web for news and uses an algorithm to
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
Yahoo! said in a statement: "We're excited to share that we're acquiring Summly, a mobile product company founded with a vision to simplify the way we get information, making it faster, easier and more concise." "At the age of 15, Nick D'Aloisio
The Summly app will close down and the technology will be integrated into Yahoo's mobile platform. Yahoo is marching ahead with its plan to acquire struggling start-up companies. Its recent purchases include Stamped, a mobile review app maker; OnTheAir
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.
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