Menu
Adrianne Palicki First Look as Mockingbird in Agents of S.H.I.E.L.D.

Adrianne Palicki stuns as Mockingbird in Agents of S.H.I.E.L.D.

First Avengers: Age of Ultron Trailer Released

First Avengers: Age of Ultron Trailer Released

Win $5,000 in the Big I4U News Black Friday 2014 Giveaway

Win $5,000 in the Big I4U News Black Friday 2014 Giveaway

Olivia Munn wears Feathers and a Special Ring

Olivia Munn wears Feathers and a Special Ring

New Zealand Airlines Releases Hobbit Inspired Most Epic Safety Video

New Zealand Airlines Releases Hobbit Inspired Most Epic Safety Video

Yahoo Pays $30 Million for Teenager's Summly App

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

Yahoo Pays $30 Million for Teenager's Summly App
 
 

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.

Comments

blog comments powered by Disqus