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
Internet giant Yahoo continued its acquisition push on Monday, bringing iOS news summarization app Summly into the fold for an undisclosed sum.
This week: Summly is sold to Yahoo – making its 17 year old founder a millionaire , Google's offering £2 million to UK companies who are doing 'good', and Bitcoin's benefiting from the Eurocrisis. Plus Sweden's war of words… Filmed at the London Stock
Just as Napster did with the music industry and The Pirate Bay did with the movie industry, aggregators like Summly and Meltwater are hollowing out the old business models of the news industry and leaving destruction in their wake. But while musicians
Yahoo has bought Summly, the mobile news reader app founded by a young British entrepreneur. In a statement, the London-based company said it had bought the tiny outfit, which will close its app. The price was not
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Summly creator Nick D'Aloisio: 'I try to maintain a level of humbleness'
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