Summly’s 17-Year-Old Founder Becomes a Millionaire

(CNA)-Nick D’Aloisio became a millionaire at 17 after selling a mobile-phone application he came up with at home in London two years ago to Yahoo!
According to Businessweek, the largest U.S. Web portal announced on its blog yesterday a deal to acquire Summly, an app which makes it easier to read news on smaller screens, without disclosing financial details. Yahoo agreed to pay $30 million, according to a person familiar with the transaction.
“Yahoo in my mind is one of these classic Internet companies and there is so much opportunity now that they have new leadership with Marissa Mayer,” D’Aloisio said.