Yahoo Paid $30 Million in Cash for 18 Months of Young Summly Entrepreneur's Time

allthingsd.com
Earlier today, Yahoo said it had acquired the trendy and decidedly stylish news reading app Summly, along with its telegenic and very young entrepreneur Nick D’Aloisio. Yahoo said it plans to close down the actual app and use the algorithmic summation technology that the 17-year-old D’Aloisio built with a...
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www.theverge.com
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www.businessinsider.com
When Nick D'Aloisio was fifteen, he founded Summly. Summly is a mobile news aggregation app that doesn't make any money, but no matter. Today, D'Aloisio sold his startup to Yahoo for close to $30 million, AllThingsD reports. It's not clear how much of the deal was cash versus stock. Either...

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