Why exactly did Yahoo purchase startup Summly for $30 million?

By Shawn Knight
Apr 10, 2013
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  1. Last month Yahoo acquired a news summarizing app called Summly for $30 million. The story garnered attention due to the fact that Summly was run by 17-year-old Nick D’Aloisio but there was something else fishy about the whole deal according...

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  2. cliffordcooley

    cliffordcooley TechSpot Paladin Posts: 5,765   +1,427

    I don't have a problem with that, seeing how Summly was purchased for $30 million.
    tehbanz likes this.
  3. RzmmDX

    RzmmDX TechSpot Enthusiast Posts: 178   +25

    So, he outsourced development to another company and is now rich?
    Time to start kickstarter and start outsourcing all my app ideas.
    tehbanz likes this.
  4. JC713

    JC713 TechSpot Evangelist Posts: 6,705   +873

    I liked this app. Too bad it was pulled from the App store.


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