“Yahoo! announced plans Monday to buy mobile news reader app Summly from the London teenager who invented it, likely transforming him into one of the world’s youngest self-made multimillionaires. The company did not disclose the terms of the deal it struck with 17-year-old Nick D’Aloisio, but the London Evening Standard said Yahoo! would pay between £20 million and £40 million ($30 to $60 million). The Wimbledon youth, who would become one of the world’s youngest technology millionaires, claims to have created the app as a hobby. ‘I didn’t realize it was possible to make money out of it,’ he was quoted as saying.”
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