Tuesday, March 26, 2013

He Has Millions and a New Job at Yahoo. Soon, He'll Be 18.

Summly's other investors, improbably enough, included Wendi Murdoch, Ashton Kutcher and Yoko Ono. The most important one was Li Ka-shing, the Hong Kong billionaire, whose investment fund supported Mr. D'Aloisio's idea early on, before it was even

Yahoo said today that it bought mobile news reader Summly, founded two years ago by 17-year-old British entrepreneur Nick D'Aloisio. Terms of the deal weren't disclosed. “Our vision is to simplify how we get information and we are thrilled to continue

The terms of the sale, four months after Summly was launched for the iPhone, have not been disclosed, and D'Aloisio, who is studying for school exams while joining Yahoo as its youngest employee, was not saying. But technology blog AllThingsD said

Internet giant Yahoo continued its acquisition push on Monday, bringing iOS news summarization app Summly into the fold for an undisclosed sum.

It's a great week to be Nick D'Aloisio, the high school wunderkind who just sold his startup Summly to Yahoo for $30 million. Like most high school students, he still lives at home, has a curfew and gets nagged to clean his room. He tells NY Post he'll

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He Has Millions and a New Job at Yahoo. Soon, He'll Be 18.

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