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
December 24, 2014 -- Updated 0254 GMT (1054 HKT)
A decade on from devastating 2004 Indian Ocean tsunami, the Red Cross' Matthias Schmale says that the lessons learned have made us safer.
December 24, 2014 -- Updated 0024 GMT (0824 HKT)
As soon as word broke that "The Interview" will hit some theaters, celebrations erupted across social media -- including from the stars of the film.
December 23, 2014 -- Updated 1844 GMT (0244 HKT)
Did a rogue hacker -- or the U.S. government -- cut the cord for the regime's Internet?
December 24, 2014 -- Updated 0106 GMT (0906 HKT)
Monaco's newborn royals, Princess Gabriella and Crown Prince Jacques Honore Rainier, posed for their first official photos with their parents.
December 23, 2014 -- Updated 1706 GMT (0106 HKT)
Tim Berners-Lee, the man credited with inventing the world wide web, gives a speech on April 18, 2012 in Lyon, central France, during the World Wide Web 2012 international conference on April 18, 2012 in Lyon.
What's next for the Internet? Acclaimed scientist Sir Tim Berners-Lee shares his insights.
December 23, 2014 -- Updated 0822 GMT (1622 HKT)
The United States and North Korea have long been locked in a bitter cycle of escalating and deescalating tensions. But the current cyber conflict may be especially hard to predict.
December 22, 2014 -- Updated 2100 GMT (0500 HKT)
A chilling video shows Boko Haram executing dozens of non-Muslims.
December 22, 2014 -- Updated 1134 GMT (1934 HKT)
New planes, new flight tests ... but will we get cheaper airfares?
December 21, 2014 -- Updated 1746 GMT (0146 HKT)
The killing of two cops could not have happened at a worse time for a city embroiled in a public battle over police-community relations, Errol Louis says.
December 22, 2014 -- Updated 0251 GMT (1051 HKT)
The gateway to Japan's capital, Tokyo Station, is celebrating its centennial this month -- and it has never looked better.
December 20, 2014 -- Updated 1621 GMT (0021 HKT)
Unicef has warned that more than 1.7 million children in conflict-torn areas of eastern Ukraine face an "extremely serious" situation.
December 22, 2014 -- Updated 1701 GMT (0101 HKT)
Each day, CNN brings you an image capturing a moment to remember, defining the present in our changing world.
Browse through images from CNN teams around the world that you don't always see on news reports.
ADVERTISEMENT