Twitter acquires news aggregator Summify

On January 19, 2012, Twitter Inc. (Twitter) acquired Context Media Technologies Inc., (Context) the creators of Summify, in a cross-border share transaction. Context is a Vancouver-based start-up company known for its social media aggregation software, Summify, which captured the attention of U.S.-based Twitter. Summify collects news stories being shared in social networks and delivers prioritized daily summaries of those stories. Fasken Martineau represented Context with a team that included Shahrooz Nabavi and Gary Ott (Mergers & Acquisitions), Barinder Sidhu (Corporate/Commercial), and Frank Schober (Tax).