Channel: yahoo, acquisition

Yahoo spends 'millions' on UK teen Nick D'Aloisio's Summly app

March 25, 2013, 7:21 am

≪ Previous: Yahoo in Talks to Buy Stake in Dailymotion

An app created by a UK teenager has been acquired by web giant Yahoo in a deal the BBC understands to be worth "dozens of millions" of pounds. Seventeen-year-old Nick D'Aloisio's Summly app summarises news stories from popular media companies.

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