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Yahoo Buy Mobile News App Summly

Discussion in 'Mobile Marketing' started by steelballs, Mar 25, 2013.

  1. steelballs

    steelballs BANNED BANNED

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    Yahoo Buy Mobile News App Summly

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    Summly, founded by 17-year-old Nick D'Aloisio two years ago from his home in London, sorts news by topics in quick bites for smartphones. The start-up works closely with News Corp and is backed by Chinese investor Li Ka-Shing and angel investors including the actor Ashton Kutcher and artist Yoko Ono.

    Terms of the deal were not disclosed, though technology blog AllThingsD reported that Yahoo paid roughly $30 million (19.7 million pounds), citing anonymous sources.

    More info here?
    http://uk.reuters.com/article/2013/03/25/uk-yahoo-summly-idUKBRE92O0IC20130325

    Not bad eh, Nick D'Aloisio 17 years old bags $30 Million Bucks?
     
  2. ShadeDream

    ShadeDream Elite Member

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  3. TheSavior

    TheSavior Newbie

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    That kid is lucky as hell!
     
  4. charto03

    charto03 Jr. VIP Jr. VIP Premium Member

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    Personally hated the app and didnt understand why CNN gave it a fucking primo story when it launched but he has great PR behind him.
     
  5. richgats67

    richgats67 Newbie

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    yahoo is spending a looot of money lately!
     
  6. mr_neo

    mr_neo Regular Member

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    They will just shut it down and implement the technology on to their own properties!