Yahoo's acquisition push under new CEO Marissa Mayer continues today, with the company saying it's buying news-reading app Summly.
Yahoo announced the move today in a blog post by Adam Cahan, senior vice president of mobile and emerging products. Summly is an app that uses an algorithm to pull out relevant information from news articles and turns them into neat paragraphs that fit on an iPhone screen, while also linking to the full article. The app, created by teenager Nick D'Aloisio, is a sort of CliffsNotes for the news.
The Summly app will be shut down, but … Read more