Yahoo! announced today that it will be acquiring mobile news start-up Summly. The deal, said to be worth around $30 million, is for both the app and the team,
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
In recent weeks, the media is having a field day with Marissa Mayer's most recent acquisition of the 6-person Summly team out of the UK. With a teenage cofounder, it looked initially like Yahoo had acquired a great new technology, or perhaps a stellar
And despite its elegant delivery, that's a very high price, especially since Summly has been downloaded slightly less than one million times since launch â€" after a quick start amid much publicity over its founder â€" with about
NEW VIDEO EVERY FRIDAY. This week: Summly is sold to Yahoo â€" making its 17 year old founder a millionaire , Google's offering £2 million to UK companies who are doing 'good', and Bitcoin's benefiting from the Eurocrisis. Plus Sweden's war of words…
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