Yahoo! buys start-up from a 17 year old!

In yet another aggressive strategy, Yahoo has announced to buy Summly, a teenage start-up which helps users to browse news by viewing concise summaries of online content. What's more interesting is that Summly was founded by Nick D'Aloisio a British-Australian entrepreneur who will soon turn 18!

D'Aloisio developed Summly as an I-Phone app when he was 15. Yahoo is reported to by Summly for $30M. Yahoo CEO Marissa Mayer, in an effort to dive further into Mobile and Tablet technology, will finalize the deals later this spring. The deal announced on Monday will be Yahoo's fifth small acquisition in past five months. Summly's technology will be used in Yahoo products, D'Aloisio wrote in a Monday blog post.

D'Aloisio will now work for Yahoo at its London offices along with two other Summly employees. Ironically, D'Aloisio is now 17, which makes him younger than Yahoo! At the age of 15, he made news by being the youngest person to get VC funding. While continuing his studies and living at home with his parents D’Aloisio will work at Yahoo.