iphone icon big Yahoo buys teenagers app for millions of pounds

A teenager from the UK has made millions of pounds after Yahoo acquired the app he created.

A teenager from the UK has made millions of pounds after Yahoo acquired the app he created.

 
Nick D'Aloisio, 17, created the Summly app when he was just 15, and now it has made him one of the youngest self-made multi-millionaires in the world. The exact figure of the transaction is unknown, but is believed to be "dozens of millions" of pounds, according to the BBC.
 
The app summarises news from a variety of top media companies, providing short and sweet updates on current events, taking advantage of the limited time many people have nowadays.
 
summly iphone5 Yahoo buys teenagers app for millions of pounds
 
Summly attracted attention from very early on, earning over £1 million in investment, but the deal with Yahoo shows just how much potential the app has.
 
For fans of Summly, however, the app itself will be no more, but its features will be incorporated into Yahoo's existing mobile lineup. Yahoo has also given D'Aloisio a job, clearly confident that Summly is just the first of many innovative ideas. Other people who were hired to work on Summly will also join the Yahoo team.
 
The teenager said he will save and invest most of the money he has received. He thanked investors, advisors, colleagues, family, friends and his school for supporting him.
 
Source: BBC