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An answer to Yahoo's acqusition on Summly.
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Social Media and its influence
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The deal follows a similar move by Yahoo in March, when it bought Summly, the news summarisation app founded by 18-year-old Nick D'Aloisio in London.
Yahoo recently launched an iPhone app which included Summly technology.
Read more: http://www.businessinsider.com/its-official-google-has-acquired-news-stream-startup-wavii-2013-4#ixzz2RmXhfPMT