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Yahoo Buys Summly — Paying $30M To Kill The App, But Keep Its 17-Year-Old Founder

Yahoo has made another bold move in the mobile space by acquiring news reading app Summly. While the deal is not yet closed, sources tell AllThingsD that Yahoo ponied up $30 million in cash.<p>That hefty sum is notable because Yahoo is also killing the Summly app, but holding onto its creator Nick …

Yahoo’s Summly Acquisition Details: Featuring Yoko Ono, Ashton Kutcher, The “Adorkable” Nick D’Aloisio, And $30 Million

Yesterday, Yahoo announced that it had bought Summly, a neat little mobile news aggregator created by a schoolboy from London. It looked to all intents and purposes like an acqui-hire, with two-thirds of Summly’s top team relocating from the British capital to the Yahoo campus.<p>But not all of them. …

Summly, Pocket point the way to publishing’s revival — or its complete destruction

In the eternal tug of war between publishers and readers, the readers have an enormous advantage right now.<p>But publishers are starting to pull the rope back a tiny bit toward their side.<p>The AP won a legal victory against the Meltwater Group, a news aggregation service, earlier this week, with a …