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Yahoo Buys Brit Teen's IPhone App Summly

Yahoo is the new owner of news-reading iPhone app Summly, the companies announced Monday. Founder Nick D’Aloisio and his team will join Yahoo, and the company will close the app. In its official announcement of the acquisition, Yahoo says that ”Nick and the Summly team are joining Yahoo! in the coming weeks. While the Summly app will close, you will see the technology come to life throughout Yahoo!’s mobile experiences soon.”

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