Yahoo to Buy Summly, News App Built By Teenager
Yahoo has agreed to buy Summly, the news app created by a British teen, in a deal whose terms were not disclosed. Yahoo is closing down the Summly app, but will incorporate its features into Yahoo’s mobile apps.
Last year, Nick D’Aloisio launched the free app, which summarized top headlines for quick reading allowing users to browse headlines along with concise summaries of the stories. D’Aloisio raised more than $1 million for his app from supporters including Rupert Murdoch and Stephen Fry. Under the terms of the acquisition, D’Aloisio will join Yahoo.
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