3/27/13

After Yahoo Acquires Summly, Is Buying Math The Next Tech Bubble?

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After Yahoo Acquires Summly, Is Buying Math The Next Tech Bubble?

Yahoo! said in a statement: "We're excited to share that we're acquiring Summly, a mobile product company founded with a vision to simplify the way we get information, making it faster, easier and more concise." "At the age of 15, Nick D'Aloisio

The 17-year old founder of mobile news app Summly plans to finish school and start more companies, after Internet giant Yahoo purchased his product.

2 years of work. A $30 million offer. Just 17 years old.

The Summly acquisition is a notable one for Yahoo, even without considering the young age of its founder. It shows that Yahoo chief executive Marissa Mayer is continuing to put a focus on mobile, which she has said should be the company's main focus

What Summly's Acquisition Says About Online Journalism.

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