Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mobile Device Management
- The Modern Federal Threat Landscape
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- Satellite Communications: Acquiring SATCOM in Tight Times
- Transformative Technology: Desktop Virtualization in Government
- Understanding the Intersection of Customer Service and Security in the Cloud
Shows & Panels
Yahoo buys startup run by 17-year-old entrepreneur
Tuesday - 3/26/2013, 6:40am EDT
SAN FRANCISCO (AP) -- Yahoo is buying London startup Summly, the maker of a mobile application created by teenage entrepreneur seeking an easier way to read news stories and other content on the smaller screens of smartphones.
The deal announced Monday is Yahoo's fifth small acquisition in the past five months. All of them have been part of CEO Marissa Mayer's effort to attract more engineers with expertise in building services for smartphones and tablet computers, an increasingly important area of technology that she believed the Internet company had been neglecting.
As with its other recent acquisitions, Yahoo didn't disclose how much it is paying for Summly.
Summly makes a mobile application that condenses content so readers can scroll through more information more quickly. Summly founder Nick D'Aloisio began working on the app at his London home when he was 15. D'Aloisio is now 17, which makes him younger than Yahoo, which was incorporated in March 1995.
Although the Yahoo acquisition won't close until later this spring, D'Aloisio said the Summly will no longer be available. Summly's technology will return in other Yahoo products, D'Aloisio wrote in a Monday blog post.
D'Aloisio will work for Yahoo in its London office. Two other Summly workers will join Yahoo at its Sunnyvale, Calif. headquarters.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.