Yahoo Acquires Google Reader Competitor Summly

Yahoo! Inc. has acquired Summly, a mobile app for browsing article summaries pulled from around the web. The news follows Google's decision to shut down Google Reader this summer.

Yahoo! Inc. has acquired Summly, a mobile app for browsing article summaries pulled from around the web. The news follows Google’s decision to shut down Google Reader this summer.

Summly uses an algorithm to find stories on any topic from publishers like the Wall Street Journal or NBC News, summarizes the contents, and formats them for a smartphone or tablet.

Although London developer Nick D’Aloisio was only 15 years old when he created Summly, the app has already received Apple’s Best Apps of 2012 award for Intuitive Touch.

Yahoo executive Adam Cahan explained

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