Friday, 24 January 2014

Yahoo pays 17-year-old Nick D'Aloisio about $30 million for Summly. The Web giant also gains someone who truly thinks and lives in the mobile world.

  • Nick D'Aloisio has become one of the world's youngest self-made millionaires. He taught himself to write software at age 12 and built the free iPhone app Summly when he was just 15 years old. He will work out of Yahoo's office in London.
Nick D'Aloisio has become one of the world's youngest self-made… (Nadine Rupp, Getty Images )
SAN FRANCISCO — Meet Nick D'Aloisio, the 17-year-old British entrepreneur who just sold his popular news-reading app to Yahoo Inc. for close to $30 million, instantly becoming one of the world's youngest self-made millionaires.
It's the classic Silicon Valley success story of a young software prodigy striking it ridiculously and improbably big. But this time the spotlight is shining on the other side of the pond.