Yahoo acquires 17-year-old's Summly reader

03/25/2013 | Forbes · Wall Street Journal, The

The Summly reader application developed by London teen Nick D'Aloisio has been acquired by Yahoo for a price estimated in the tens of millions. The draw reportedly was Summly's algorithm that automatically summarizes news articles in 400 words for easy reading on mobile devices. "Our vision is to simplify how we get information, and we are thrilled to continue this mission with Yahoo!'s global scale and expertise," D'Aloisio said in a post.

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Forbes · Wall Street Journal, The

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