Summly, a mobile news app developed by a British teen, was acquired by Yahoo for a reported sum of $30 million. Nick D’Aloisio, the developer of this app, is ranked among the world’s youngest self-made millionaires. After teaching himself to write code just when he was 12 years old, he developed this app at the tender age of 15. Today Yahoo has updated its main iPhone app which now comes with Summly integrated.

Yahoo says that the new mobile app for iPhone is all about delivering the best of web. It capitalizes on Summly’s natural language algorithms to quickly deliver summaries of stories to the user. The company says that it is thrilled to introduce this “game changing” technology in their first mobile application. The app features extensive personalization options, users can decide the type of stories that they’re interested in and would like to stay on top of through this app. The search experience has also been improved with better image and video search. Currently the new Yahoo iPhone app is only available for users based in the U.S., it can now be downloaded from the iTunes App Store.

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