Yahoo has announced its acquisition of Summly, an app that lets users easily skim through news and articles on their mobile devices — an app that’s particularly notable because its founder is just 17 years old.
Nick D’Aloisio, who founded the company when he was 15, launched it in December 2011, and has received financial backing from investors including Yoko Ono and Ashton Kutcher. The service sums up news articles in 400 characters, making it easy for users to scan for information and get to full articles if they want a more in-depth read. As the Associated Press noted, D’Aloisio is younger than Yahoo itself, as the company was incorporated in 1995.
D’Aloisio said he will pull Summly’s app off the market but that users should expect to see the technology behind the app in Yahoo news products “soon.”
All Things Digital reported that Yahoo paid around $30 million for the service, and will also hire two other Summly employees.