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Yahoo acquisition of Summly

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There are these young people who have fantastic ideas and are lucky. One of them is Nick D’Aloisio – he is young, smart and incredibly rich. Just on the 26th of March, Yahoo Inc. informed that it bought a smartphone news app, which was developed by today 17-year-old buy, for rumored $30 million. The acquisition of Summly is one of the latest in an avalanche of purchases aimed at getting Yahoo Inc. more competitive in the tech world.

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