Yahoo Paid $30 Million in Cash for 18 Months of Young Summly Entrepreneur’s Time

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Google+
http://www.editorandpublisher.com/news/yahoo-paid-30-million-in-cash-for-18-months-of-young-summly-entrepreneur-s-time/
LinkedIn

By: Kara Swisher | All Things D

Earlier today, Yahoo said it had acquired the trendy and decidedly stylish news reading app Summly, along with its telegenic and very young entrepreneur Nick D’Aloisio.

Yahoo said it plans to close down the actual app and use the algorithmic summation technology that the 17-year-old D’Aloisio built with a small team of five, along with a major assist from Silicon Valley research institute SRI International, throughout its products.

Comments:

Your email address will not be published. Required fields are marked *