Feeds

Yahoo! makes Brit teen app maker VERY RICH with Summly buy

Mobe! News! Scraper! In! Inspirational! Goal!

Choosing a cloud hosting partner with confidence

Yahoo! has agreed to buy Summly - an app created by a 17-year-old Londoner that summarises news stories for smartphones, which only launched last November after Nick D'Aloisio spent two years raising over $1m in funding.

Register readers have probably heard quite enough about Stephen Fry in these pages over the last few days, so we will briefly merely mention that the national voiceover treasure was among the small gathering of celebs who funded or advised the young D'Aloisio.

Yoko Ono, Ashton Kutcher, Facebook's Joanne Shields and Zynga's Mark Pincus also offered support to Summly.

The app disappeared from Apple's online store immediately following Yahoo!'s decision to buy the British startup for an undisclosed sum.

On making presumably oodles of cash from the buyout, entrepreneurial teenager D'Aloisio said of Summly's soon-to-be new home at the Purple Palace:

After spending some time on campus, I discovered that Yahoo! has an inspirational goal to make people's daily routines entertaining and meaningful, and mobile will be a central part of that vision. For us, it's the perfect fit.

When I founded Summly at 15, I would have never imagined being in this position so suddenly. I'd personally like to thank Li Ka-Shing and Horizons Ventures for having the foresight to back a teenager pursuing his dream.

Also to our investors, advisors and of course the fantastic team for believing in the potential of Summly. Without you all, this never would have been possible. I'd also like to thank my family, friends and school for supporting me.

Summly claims to have had 90 million "summaries" read in the past few months since the app first launched. The software he developed will now be baked into "multiple" Yahoo! goods, according to D'Aloisio's expectations. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.