Yahoo announced on Monday its intentions to acquire Summly, an iPhone application that shows you quick summaries of the latest news stories. The application was created by Nick D’Aloisio when he was just 15-years-old, Yahoo explained in a statement.
“It started with an insight — that we live in a world of constant information and need new ways to simplify how we find the stories that are important to us, at a glance,” the company said. “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. So stay tuned!”
Neither D’Aloisio nor Yahoo disclosed full details of the acquisition. We’re not quite sure why Yahoo saw the need to acquire Summly, although we suspect it’s to launch its own rebranded version of the application to compete with Google Currents and other news services.