An app SUMMLY created by Nick D’Aloisio 17 from Wimbledon, UK, has been acquired by web giant Yahoo in a deal worth “dozens of millions” of pounds.
The application summarises news stories from popular media companies.
The app itself will now close, but its features will be used in mobile products at Yahoo, where Mr D’Aloisio has been given a job.
He will be joined by several of Summly’s “top staff” in new roles at Yahoo in the next few weeks.
Nick 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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