UK teen sells app to Yahoo in deal ‘worth millions’

A TEENAGER has sold an app he designed to Yahoo! in a deal believed to be worth tens of
millions of pounds.

Nick D’Aloisio created the app at his home in London when he was just 15, and now, two years later, it has been bought by the internet giant for an undisclosed sum.

Named Summly, it reached number nine in the free iPhone app chart last November and offers users a quick and easy way of finding news stories on the internet.

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Nick, 17, who is studying for his A-levels outside of school, is now due to join London’s Yahoo! team.

In a message on the Summly website, he wrote: “I am delighted to announce Summly has signed an agreement to be acquired by Yahoo!”

The teenager does not appear to have plans for a major spending spree. He said: “I like shoes. I will buy a new pair of Nike trainers and I’ll probably get a new computer, but at the moment I just want to save and bank it. I don’t have many living expenses.”

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