• Business Insider, Wednesday, April 10, 2013 11:50 AM

Citing a source close to Yahoo, Business Insider claims to know exactly why the company dropped $30 million on Summly. “Acquiring Summly seems to have been an almost incidental side effect of a deal Yahoo made with SRI [which had equity on the startup] for a piece of ‘summarization technology.’” Adds BI: “CEO Marissa Mayer believes summarization technology is ‘going to be huge for Yahoo’ as it builds ‘personalized news feeds’ into mobile versions of its ‘core experiences,’ including Yahoo Finance and Yahoo Sports.”
 

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