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Yahoo Buys Startup Run by 17-Year-Old for $30 Million

| March 26, 2013 | 0 Comments
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As part of its larger strategy to focus new products on individual users, Yahoo bought Summly, a start-up company run by a British teenager. The Summly app summarizes news articles for small devices. Nick D’Aloisio, the company’s founder, will also join Yahoo’s team.


Chief Executive Officer Marissa Mayer is focusing Sunnyvale, California-based Yahoo on providing Web services that are customized for individual users, and aims to add engineers by buying small technology startups, she said on a conference call last year.

Read more at: www.sfgate.com

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About the Author ()

Katrina Schwartz is a journalist based in San Francisco. She's worked at KPCC public radio in LA and has reported, produced and blogged on health, climate change and local news for KQED in San Francisco. Reach Katrina Schwartz at kschwartz@kqed.org.