Monday, March 25, 2013

Yahoo continues its mobile spending spree with acquisition of intelligent news app Summly

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Today, Yahoo announced it has acquired Summly, an iOS news app that uses a combination of natural language processing and algorithms developed by famed scientists to pick out and deliver the most important parts of lengthy news articles. Like Yahoo's other recent acquisitions, Summly swill be shut down, and its 17-year-old founder Nick D'Aloisio and his team will be integrated into Yahoo's ever-expanding development teams. AllThingsD reports that Yahoo paid "just under $30 million" for the company.


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via The Verge - All Posts http://www.theverge.com/2013/3/25/4144648/yahoo-acquires-nick-daloisios-summly

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