Yahoo Inc has snapped up mobile news aggregator Summly, the latest in a string of small acquisitions intended to bolster the Web portal's mobile services.

Summly, founded by 17-year-old Nick D'Aloisio two years ago from his home in London, sorts news by topics in quick bites for smartphones. The start-up works closely with News Corp and is backed by Chinese investor Li Ka-Shing and angel investors including actor Ashton Kutcher and artist Yoko Ono.
Terms of the deal were not disclosed, though technology blog AllThingsD reported that Yahoo paid roughly $30 million, citing anonymous sources.
http://chigotoday..com/2013/03/yahoo-buys-summly-app-from-british-teen.html