Cyber Monday Edition: Cyber Deals @Amazon | Cyber Deals @Walmart | Cyber Deals Tracker

Yahoo Pays $30 Million for Teenager's Summly App

Mar 26 2013, 8:14am CDT | by , in News | Technology News

This story may contain affiliate links.

Yahoo Pays $30 Million for Teenager's Summly App
/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";

Yahoo! announced yesterday that it is acquiring Summly. The App was created by Nick D'Aloisio at the age of 15. Reportedly Yahoo! paid $30 million for the company of the now 17 year-old Nick D'Aloisio.

Yahoo! announced yesterday to buy Summly. Summly is an app that summarizes news. Now Bloomberg reports that a person familiar with the matter said that Yahoo! pays $30 million for Summly. This surprisingly high amount is mostly attributed to the long list of celebrity investors in Summly, which is amazing by itself.

According to Reuters Summly investors include Yoko Ono, Ashton Kutcher, Rupert Murdoch, Stephen Fry and Horizon Ventures.

Nick and the Summly team are joining Yahoo! in the coming weeks. While the Summly app will close, you will see the technology come to life throughout Yahoo!’s mobile experiences soon.

Cyber Monday 2015 Deals and News

Cyber Monday 2015 @I4U News:

Cyber Monday 2015 Deals Tracker - Find the best Cyber Deals to Buy Now

Cyber Monday Deals @Amazon - Hottest Amazon Cyber Deals

Cyber Monday Deals @Walmart - Top Walmart Cyber Deals

Cyber Monday Deals @Sam's Club - Best Sam's Club Cyber Deals

Leave a Comment

You May Also Like


Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

Read the Latest from I4U News