Yahoo buys startup run by 17-year-old entrepreneur

Mar 25, 2013

Yahoo is buying London startup Summly, the maker of a mobile application created by teenage entrepreneur seeking an easier way to read news stories and other content on the smaller screens of smartphones.

The deal announced Monday is Yahoo's fifth small acquisition in the past five months. All of them have been part of CEO Marissa Mayer's effort to attract more engineers with expertise in building services for smartphones and tablet computers, an increasingly important area of technology that she believes the Internet company had been neglecting.

As with its other recent acquisitions, Yahoo didn't disclose how much it is paying for Summly.

Summly makes a mobile application that condenses content so readers can scroll through more information more quickly. Summly founder Nick D'Aloisio began working on the app at his London home when he was 15. D'Aloisio is now 17, which makes him younger than Yahoo, which was incorporated in March 1995.

Although the Yahoo acquisition won't close until later this spring, D'Aloisio said the Summly will no longer be available. Summly's technology will return in other Yahoo products, D'Aloisio wrote in a Monday blog post.

D'Aloisio will work for Yahoo in its London office. Two other Summly workers will join Yahoo at its Sunnyvale, California, headquarters.

Explore further: Tecnalia designs an app to help elderly people get around on public transport

4 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Yahoo! buys iPhone app maker Alike

Feb 12, 2013

Yahoo! on Tuesday said it acquired the startup behind an iPhone application that lets people know if nearby venues are like places that suit their tastes.

Yahoo! buys maker of personal recommendation app

Mar 20, 2013

Yahoo! on Wednesday announced that it has bought Jybe, the startup behind a smartphone application that makes local entertainment or dining recommendations based on what people like.

Recommended for you

Google worker shows early-draft glimpse of Chrome OS

Jul 20, 2014

The Chrome OS is in for a future look. Athena, a Chromium OS project, will bring forth the new Chrome OS user experience. Google's François Beaufort on Friday, referring to the screenshot he posted, said," ...

Google eyes Chrome on Windows laptop battery drain

Jul 19, 2014

Google Chrome on Microsoft Windows has been said to have a problem for some time but this week comes news that Google will give it the attention others think the problem quite deserves. Namely, Google is to ...

Mental-health monitoring goes mobile

Jul 16, 2014

Behavioral health analytics startup Ginger.io sees smartphones as "automated diaries" containing valuable insight into the mental well-being of people with mental illnesses.

User comments : 0