Skip to main content

Yahoo to buy teenager's brain child

By Oliver Joy, CNN
March 26, 2013 -- Updated 1613 GMT (0013 HKT)
STORY HIGHLIGHTS
  • The Summly app delivers snapshots of news stories to its users on mobile
  • D'Aloisio started the company at 15 and gained support from Aston Kutcher and Stephen Fry
  • In November, Yahoo! boss Marissa Mayer said the company would focus on mobile

(CNN) -- Silicon Valley giant Yahoo is turning to a 17-year-old to boost the company's mobile development by acquiring the teenager's tech start-up in a reported multi-million dollar deal.

Summly -- the brain child of London-based boy genius Nick D'Aloisio -- delivers automated snapshots of news stories to its users on mobile devices and formats articles for the small screen.

D'Aloisio started the company when he was 15 and quickly attracted investors, including Hong Kong billionaire Li Ka-Shing and Hollywood stars Ashton Kutcher and Stephen Fry.

In a statement on the Summly website, teenager D'Aloisio paid tribute to his friends, family and users while adding that Yahoo! is the "perfect fit" for the start-up company, which received Apple's Best Apps of 2012 award for Intuitive Touch.

Much ado over Yahoo
Was Marissa Mayer out of line?

In November, Yahoo boss Marissa Mayer said the U.S. multinational would start focusing more on mobile strategy particularly on news, sports and apps.

In a blog post announcing the deal, Adam Cahan, senior vice president of mobile and emerging products at Yahoo, wrote: "Mobile devices are at the center of how we engage with the people experiences and interests we love."

Cahan added: "Most articles and web pages were formatted for browsing with mouse clicks. The ability to skim them on a phone or a tablet can be a real challenge... Summly solves this by delivering snapshots of stories, giving you a simple and elegant way to find the news you want, faster than ever before."

Although the details of the deal are not disclosed, the acquisition is likely to make a millionaire of teenager D'Aloisio, who will now join Yahoo! Cahan asks for Summly users to "stay tuned" as the app gets ready to reappear as part of Yahoo!'s mobile arsenal.

ADVERTISEMENT
Part of complete coverage on
August 27, 2014 -- Updated 0023 GMT (0823 HKT)
Wilson Raj Perumal tells CNN how he rigged World Cup games: "I was giving orders to the coach."
August 29, 2014 -- Updated 0823 GMT (1623 HKT)
He should be toddling around a playground. Instead, his tiny hands grip an AK-47.
August 29, 2014 -- Updated 1652 GMT (0052 HKT)
CNN's Will Ripley travels to North Korea, visiting an international wrestling festival and a slide-filled water park.
August 28, 2014 -- Updated 0920 GMT (1720 HKT)
Our whole solar system appears to be inside a searing gas bubble, scientists say.
August 28, 2014 -- Updated 1230 GMT (2030 HKT)
In a raid on a luxury apartment complex, agents caught up with a French-Algerian man they accuse of bringing back terror to Europe.
August 28, 2014 -- Updated 0002 GMT (0802 HKT)
One journalist murdered, another still being held by ISIS -- a ransom negotiator talks to CNN about trying to get a hostage home alive.
August 27, 2014 -- Updated 1228 GMT (2028 HKT)
Was a police officer justified in shooting and killing Michael Brown?
August 28, 2014 -- Updated 1654 GMT (0054 HKT)
Don't like the country you live in? Meet the people who created their own "micronations."
August 29, 2014 -- Updated 1835 GMT (0235 HKT)
South Africa Music Legends stamps
Artist Hendrik Gericke puts a spotlight on iconic performers from South Africa in these incredible monochrome illustrations.
August 26, 2014 -- Updated 0946 GMT (1746 HKT)
We asked you what you would like to know about Ebola. Experts answer some of your most common questions and concerns.
CNN joins the fight to end modern-day slavery by shining a spotlight on its horrors and highlighting success stories.
Browse through images from CNN teams around the world that you don't always see on news reports.
ADVERTISEMENT