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Yahoo Aims For Simplicity With $30M Summly Acquisition
2013-03-26 14:05:08

Yahoo has acquired Summly, a mobile news aggregator that aims to make the gathering of news and information simple. Summly was acquired for a reported $30 million; 90 percent in cash and 10 percent in stock.


Word of the Day
cassation
  • The abrogation of a law by a higher authority; annulment.
  • In music, during the eighteenth century, a song or an instrumental piece similar to the serenade, intended for performance in the open air.
The word 'cassation' comes from the French 'cassation', from Latin 'casso' ("destroy, annul").
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