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A British teenager has become a -millionaire after selling an app he created to web Yahoo. The is reported to be up to $30 million and includes a position working on Yahoo's future mobile . Nick D'Aloisio, 17, started his Summly app when he was just 15. He was studying for school exams and became at ploughing through online articles. He created the app to summarise long reports so people could more easily the content. Yahoo's boss of mobile content development Adam Cahan said: "It started with an , that we live in a world of constant information and need new ways to simplify how we find the stories that are important to us, at a ."

Mr D'Aloisio started when he was 12 years old and developed the of his Summly app in his bedroom. He launched his app when he was 15 and it soon over $1.5 million of investment, including from Hollywood stars Ashton Kutcher and Stephen Fry. The by Yahoo makes the British teen one of the world's youngest -made millionaires. He believes his -up with Yahoo is perfect, saying: "To me, Yahoo is the best company to be right now because it's one of these Internet companies. With new leadership from Marissa Mayer, Yahoo has a strong on mobile and product, and that's the perfect for Summly."

 


 
 

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