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Nick D'Aloisio, 17, Sells Summly App to Yahoo for $30 Million

Nick D'Aloisio, 17, Sells Summly App to Yahoo for $30 Million

Yahoo! has picked up the pace on pretty much everything since Marissa Mayer became CEO, especially mobile acquisitions. Today, it announced the acquisition of mobile news gathering and delivery startup, Summly. AllThingsD reports that the acquisition

Yahoo has announced its acquisition of Summly, an app that lets users easily skim through news and articles on their mobile devices â€" an app that's particularly notable because its founder is just 17 years old. Nick D'Aloisio, who founded the company

Yahoo bought the news reading and summarizing app, Summly, for $27 million in cash and $3 million in stock. Music streaming service Spotify is reportedly planning to enter a new field of media â€" on-demand video. And as the US Supreme Court prepares

Yahoo! has picked up the pace on pretty much everything since Marissa Mayer became CEO, especially mobile acquisitions. Today, it announced the acquisition of mobile news gathering and delivery startup, Summly. AllThingsD reports that the acquisition

The 17-year-old Brit is the founder of Summly, a mobile app he developed that searches for snippets of news and makes them better suited for mobile devices â€" which D'Aloisio sold to Yahoo! He will now work for Yahoo! CEO Marissa Mayer and become the

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