D'Aloisio stressed that Yahoo would take advantage of the technology that drives Summly to change the way to deliver information such as news, weather forecasts, stock prices and financial information to mobile devices. Yahoo has announced that it will shut down Summly app, but will integrate the company's technology in their various online services.
Terms of the deal were not disclosed, but it is speculated that Yahoo paid about $ 30 million for the company. Summly founder was positive about this move “I'm looking forward to it because they've built a really great environment for start-ups and founders“.
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