A 4SquareMedia Website

> Wearable Technology
> Appliances
> Automation
> Automotive
> Buyers Guide
> CEDIA 2010
> Comment
> Content & Downloads
Music & Video
> Digital Photography
> Gaming
> Green Energy
> HD
> Home Cinema
> Home Office
> How Stuff Works
> Installation
> Portable Players
> Media Centres
> Phones
> Real Sound
> Reviews
> Smart Awards 2013
> Smart Ideas
> Trio Awards 08
> TVs & Large Display
> Wireless & Networking
> Featured Reviews
> Advertising
> Competitions
> Contact
> Disclaimer
> Signup
> Terms & Conditions
> Subscribe to Newsletter
> Subscribe to Magazine

Top 10 Viewed Articles
  1. Who Has The Best LCD TV: Sony, Toshiba Or Samsung?
  2. FIRST LCD TV REVIEW: LG Scarlet 60 Vs Samsung Series 6
  3. Sony PS4 Not Far Away
  4. The Humble PC Gets A Whopping Makeover
  5. Sony Bravia LCD TVs Vs Samsung LED HD TVs Which is Best?
  6. Toshiba Working With Microsoft On New Entertainment Xbox
  7. Blu-ray Xbox 360 Planned By Microsoft
  8. Massive Failure Rate For Xbox 360 Exposed
  9. Free Sony PS3 Con
  10. How To Build Your Own Digital Media Server: Part I
Top 10 Viewed Reviews
  1. First Review: Samsung Series 7 LED TV
  2. Movies On-The-Go With Teac DVD Boombox
  3. Who Has The Best 32-inch Screen: Panasonic, Samsung, or Sony?
  4. Who Has The Best Home Theatre Kit? Denon vs Bose
  5. Every Bit Of Defence Counts
  6. New Denon Home Theatre Makes Bose Look Like Yesterdays Technology
  7. Best Media Player On The Market
  8. At $1,499 The Aldi Medion 17-inch Notebook Is A Steal
  9. Affordable Noise Cancelling Headphones That Work
  10. B&W 600 Speaker Delivers Real Sound


Yahoo! 17...And A Multi-Millionaire

By Oonagh Reidy | Wednesday | 27/03/2013

Tech giant pays Wimbledon teen over A$25m for his Summly app

The popular Summly app summarises news stories of interest to users in 90 words or less created by British teen Nick D'Aloisio two years ago, has been purchased by Yahoo!

 The deal with Yahoo!, who are desperately looking to focus on mobile services, is rumoured to be worth GBP ?18M (A$26m), could be worth as much as ?40, others suggest, reports Guardian.

Neither side has confirmed the value of the deal.

The teenager, who has a place in Forbes 30 under 30, began creating apps in 2007 when Apple opened the App Store, and Summly got a nod from the tech giant for Intuitive Touch! App Awards 2012, which he created aged 15.

It was nominated the No. 1 news app of the week in 28 countries including UK, Italy and US on iPhone App Charts in Dcember last year, according to Summly's Blog.

The 17 year old Londoner said he was "delighted" to announce Summly was acquired by Yahoo!, which was backed by venture capital firm, Horizon Ventures in Hong Kong (also behind Siri, Spotify and Facebook investments) as well as other notable tech investors including Stephen Fry, Ashton Kutcher and Yoko Ono, the report states.

D'Aloisio will work at Yahoo!'s Soho offices in London and also studying for his A Levels at night.

Summly was said to have been subject to other offers from interested companies, but Yahoo! won out in the end.

"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," D'Aloisio wrote on Summly's website.

- Page Break -
"When I founded Summly at 15, I would have never imagined being in this position so suddenly"

Summly was pulled from the Apple App Store yesterday, and expect the summarization technology to hit multiple Yahoo! products - "see this as a 'power nap," said D'Aloisio.

Over 90 million Summly news summaries have been read by users so far.

"This is just the beginning for our technology," says the young app creator.

Print this article
Email this story to a friend
Link this story:
Link this page to delicious Link this page to Digg Link this page to Furlit Link this page to News Vine Link this page to Reddit Link this page to Spurl Link this page to Yahoo My Web RSS this section

New LG 65   New LG 65" Ultra High Definition TV, Complete With Pop Down Speakers: REVIEW
LG Australia has finally rolled out their 65" Ultra High Definition TV offering in Australia and what you get is a TV that delivers a quantum leap in TV technology and surprisingly a significantly improved sound system that is delivered from pop down speakers but the big question is whether it is worth $6,999.
Product Rating 4.5

Westfield To Split   Westfield To Split
Shopping giant to separate ANZ, international operation
Product Rating 0

REVIEW:Note 3 Is The Best There Is In Phablet Smartphones   REVIEW:Note 3 Is The Best There Is In Phablet Smartphones
If you are one of those people who love technology but struggle to manage the hundreds of apps and the endless capabilities that today's smartphones are capable of delivering then the new Samsung Note 3 is not for you.
Product Rating 5

Get the latest news
Subscribe today for your daily news of consumer electronic news...
Get the latest news

reaches over 2 million consumers a year. Contact us today about special deals..

For more information ...

Apr/May 2011 issue

reviews the hot new iPhone attach device, the Zeppelin Air. And we look at what's going on in the tablet space...