Yahoo buys startup run by 17-year-old entrepreneur
SAN FRANCISCO -- A London startup owned by a 17-year-old entrepreneur has Yahoo as a buyer.
The teenager was seeking an easier way to read news stories and other content on the smaller screens of smartphones, so he built an app for that.
The deal announced Monday is Yahoo's fifth small acquisition in the past five months. It's part of CEO Marissa Mayer's effort to attract more engineers with expertise in building services for smartphones and tablet computers, an area of technology that she believed the Internet company had been neglecting.
Yahoo didn't disclose how much it is paying for Summly.
Founder Nick D'Aloisio began working on the app at his London home when he was 15. He's younger than Yahoo, which was incorporated in March 1995.
D'Aloisio said Summly will no longer be available, but the technology will return in other Yahoo products.
yahoo, apps, marissa mayer, smartphones, tablets, technology
- Mold forces firefighters to evacuate TI firehouse
- UC system issues new policy to handle sexual assaults
- Husband arrested in cold case murder of SJ woman
- Cyberbullying bill responds to Audrie Pott's suicide
- 10-year-old San Leandro boy found safe
- Malaysia loses contact with plane carrying 239
- Salesforce celebrates birthday with fundraiser party
- Oakland school locked down after report of assault
- Little girl donates hair to cancer patients
- Three-year-old boy thrown from fire in Hayward
- Homeowners blame Caltrain for rising flood insurance
- Special ed cheerleading squad thrills Livermore HS
- Wheel of Fortune is in Northern California!
- roundup: Embassy Suites body; SJ home fire