Yahoo’s $30 Million May Be ‘Underpay’ for Summly’s D’Aloisio
May 7 (Bloomberg) — Gregory Gale, partner at Squire Sanders LLP, talks with Bloomberg Law’s Spencer Mazyck about his representation of 17-year-old British programming whiz Nick D’Aloisio in the recent sale of his mobile startup Summly to Yahoo! Inc. for a reported $30 million.
Gale, in this “Rainmakers” episode, also explains why the biggest U.S. Web portal’s purchase price may be an “underpay” for the teenage entrepreneur and discusses the reasons for increased overseas M&A activity by Silicon Valley companies.