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An app created by a UK teenager has been acquired by web giant Yahoo in a deal the BBC understands to be worth "dozens of millions" of pounds.
Seventeen-year-old Nick D'Aloisio's Summly app summarises news stories from popular media companies.
Neither company would disclose the terms of the deal publicly.
The app itself will now close, but its features will be used in mobile products at Yahoo, where Mr D'Aloisio has been given a job.Yahoo Acquires Summly News App [bbc.co.uk]
Today, we’re excited to share that we’re acquiring Summly, a mobile product company founded with a vision to simplify the way we get information, making it faster, easier and more concise.Yahoo! To Acquire Summly [ycorpblog.com]
we’re excited to share that we’re acquiring Summly
Nick and the Summly team are joining Yahoo! in the coming weeks. While the Summly app will close, you will see the technology come to life throughout Yahoo!’s mobile experiences soon. So stay tuned!
Why Is That 17-Year-Old’s $30 Million News App Even Legal?
I'm sure if it causes problems, the bots that do the news scraping, (and possibly other Yahoo bots if they are seen to be feeding a greedy app), will be blocked.