Protection For Mobile Apps — There's A Patent App For That
Law360, New York (April 15, 2013, 11:57 AM EDT) -- Many were taken aback when Yahoo! Inc. recently announced that it was purchasing the mobile app company, Summly, for a reported $30 million — from a 17-year-old, no less. Summly was a mobile app designed by its founder, Nick D'Aloisio, to aggregate and summarize Internet content using proprietary algorithms, and present the summarized content to users for easier consumption on their mobile devices. Yahoo! also announced that it would promptly close Summly, and launch the same technology within its own network of sites. This has led many people to wonder: If Yahoo! didn't purchase Summly for its mobile app, which it immediately pulled from the iTunes store, or its millions of existing customers, what exactly did Yahoo! purchase, other than a vaguely enforceable employment contract with the 17-year-old D'Aloisio?...
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