Apple appears to have acquihired the small team behind Pin Drop, a location-bookmarking app set to close down at the end of the month.

Based on redacted information, Cult of Mac has reason to believe that at least some members of Caffeinehit, the London-based development team behind Pin Drop’s iOS and Android apps, will soon be part of Apple’s iOS engineering team.

Yahoo! has this morning announced that it has reached a deal to acquire popular blogging platform Tumblr for $1.1 billion. The company promises “not to screw it up,” and says that Tumblr will continue to operate as a separate business, with David Karp remaining CEO.

Just over a month after acquiring Summly for $30 million, Yahoo! has gobbled up another smartphone app. This time it’s Astrid, a pretty task management client for Android and iOS, which has a strong focus on sharing. Astrid announced the news on its blog today.

Yahoo! has been undertaking something of an iOS App Store renaissance lately. First, they made their Flickr app into a bonafide Instragam challenger; then their new Yahoo! Weather app effortlessly fused beautifully wrought weather information with the best photographs on Flickr; and now Yahoo! has updated its iOS app with natural language summaries of all the news likely to be of interest to you.

Yahoo! has today announced that it’s acquiring Summly, an iPhone app developed by Nick D’Aloisio when he was just 15, for $30 million. The app is designed to provide users with “pocket sized news” by condensing long articles into just a few paragraphs of text that are easy to consume on the go.

Meet Nick. Nick D’Aloisio. He’s 17, lives in London, and his new news app Summly is attracting quite a lot of interest over in the UK. It seems to me that most of the media coverage is because of Nick’s age than the app he’s created. So let’s take a closer look at that app and see what all the fuss is about.