Reuters: Technology News: Yahoo acquires mobile news start-up Summly

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Yahoo acquires mobile news start-up Summly Mar 25th 2013, 14:37 Tweet Share this Email Print Related News Yahoo in talks to buy stake in video site Dailymotion: report Tue, Mar 19 2013 News Corp gives publishing company $2.6 billion in cash Fri, Mar 8 2013 Yahoo to shut down seven products, including Blackberry app Sat, Mar 2 2013 Yahoo telecommute ban is much ado about nothing: Silicon Valley Thu, Feb 28 2013 Analysis & Opinion Groupon’s fate hinges on the boardroom Related Topics Tech » Small Business » The headquarters of Yahoo Inc. is pictured in Sunnyvale, California, May 5, 2008. Credit: Reuters/Robert Galbraith Mon Mar 25, 2013 10:37am EDT (Reuters) - Yahoo Inc has snapped up mobile news aggregator Summly, the companies said on their websites on Monday. Summly, founded by 17-year-old Nick D'Aloisio, sorts news by topics in quick bites for smartphones. The start-up works closely with News Corp and is backed by Chinese investor Li Ka-Shing and angel investors including the actor Ashton Kutcher and the artist and designer Yoko Ono. The Summly app will be removed from the Apple Inc store and will be integrated into Yahoo's mobile initiatives. Terms of the deal were not disclosed. Yahoo has acquired several small mobile and web start-up companies since former Google executive Marissa Mayer became chief executive last year. (Reporting By Jennifer Saba in New York; editing by John Wallace) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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