Yahoo has announced its acquisition of Summly, an app that lets users easily skim through news and articles on mobile devices, for $30 million.
Its founder, Nick D’Aloisio is only 17 years old; founded the company when he was 15, launched it in December 2011, backed by investors including Yoko Ono and Ashton Kutcher.
The service sums up news articles in 400 characters, making it easy for users to scan for information and get to full articles if they want a more in-depth read.
Born in 1996, D’Aloisio is younger than Yahoo itself (1995).
D’Aloisio said he will pull Summly’s app off the market but that users should expect to see the technology behind the app in Yahoo news products “soon.”
According to a report fromThe Telegraph, D’Aloisio will join Yahoo full-time while the firm integrates Summly’s technology into its own products.
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