The peculiarity of this purchase is that the author of
Summly is a 17-year-old British designer Nick D'Aloisio, which released the
first version of its application at the age of 15 years. For a start, which is
not profitable, the Internet giant has paid about $ 30 million. Most of this
amount will be paid in cash teenager. 10% of it will get in the form of company
shares.
In total Summly raised $ 1.53 million from venture
capitalists. In 2011, the Hong Kong billionaire Li Ka-Shing gave startup $
300,000. A year later, the project invested AirBnb founder Brian Chesley, head
of Zynga, Mark Pincus, actor Ashton Kutcher, singer Yoko Ono, Wendi Murdoch and
other celebrities.
Following the transaction, Summly will cease to exist as an
independent program. According to the blog, the author of the application and a
small team of developers that support it will work for Yahoo.
Note that in the last month, the head of Yahoo Marissa Mayer
said the company will pay attention to mobile startups. Top-manager software
for smartphones called priority and stated that in the near future, Yahoo
should be mainly "mobile" company.
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