Reuters - Yahoo Acquires Mobile News Start-up Summly

Yahoo has snapped up mobile news aggregator Summly, the latest in a string of small acquisitions intended to boost the Web portal's mobile services, writes Reuters. Summly was founded by 17-year-old Nick D'Aloisio two years ago from his home in London and sorts news by topics in quick bites for smartphones. Terms of the deal were not disclosed, though technology blog AllThingsD reported that Yahoo paid roughly $30 million, writes Reuters.

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