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March 25, 2013

Summly app bought for millions and removed from App Store


The iPhone app Summly founded by UK teenager Nick D’Aloisio will be pulled from the App Store today where it first gained huge popularity. Incase you haven’t used Summly it is an iPhone app that used wonderfully crafted algorithms to deliver a few paragraphs of lengthy online news articles in a simply stunning fashion. The user could then read the paragraphs and decide whether the full article deserved their attention. Lets bare in mind D’Aloisio was only 15 years old when he recieved an investment from Horizon Ventures to build the app prototype.

The reason it has been pulled from the App Store is that it has been purchased by Yahoo in a deal thought to be worth millions. Yahoo has released a statement on its blog stating that the Summly team will “be joining Yahoo in the coming weeks”. It seems Yahoo is very excited about its new purchase. The BBC is also reporting that the deal to acquire summly saw ‘dozens of millions’ of pounds headed Summly’s way and no wonder with investors like Stephen Fry, Yoko Ono and Ashton Kutcher.

As of yet there is no clear indication what Yahoo plans to do with the service but no doubt it will be using that genius algorithm in its own digital products very soon. It is a great shame to see the App go, I was introduced to the App by my brother-in-law and instantly fell in love with the user interface and how easy it was to use. I will be surprised if we see a news app as good as Summly for a long time.

Did you use Summly? Are you sad to see it go? Let us know now on Facebook and Twitter or leave a comment below.

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Ryan Oneill

Editor In Chief

I live in Scotland UK and have been blogging about technology for a long time. I started BeginnersTech as I wanted even the total novice to be able to enjoy it as much as I do. If you ever need help or want to ask a question you have come to right place.


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