Mar 26 2013, 8:14am CDT | by Luigi Lugmayr
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.
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at email@example.com.
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The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.
Read more about The Geek Mind.