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Yahoo acquires mobile news reader Summly for $30 million

03/25, 4:20pm

Deal closes Summly app immediately, content absorbed into Yahoo soon

London-based newsreader developer Summly has been acquired by Yahoo. The deal, said to be worth $30 million, will see the Summly app close, and Yahoo issued a statement that said the company plans to "acquire the technology and you’ll see it come to life throughout Yahoo’s mobile experiences soon."

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