“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.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Controversial 'naked' airport body scanners to be scrapped in Europe, U.K.
US judge says ex-AIG CEO can depose Bernanke over bailout
U.S. Probes Treasuries Niche That Investors Claim Is Rigged by Big Banks
Faulty Government Websites Confront Needy in Search of Aid
Doctor returns Viet Cong soldier’s bone 40 years after amputation
Bribery keeps Chinese public hospitals running
Inside ‘Liberland,’ the Place of No Taxes Where Crowdfunding Rules
Japan lashes out over depreciating dollar and euro
SEC Proposes Crowdfunding Rules, But...
Trump’s CIA Director Wants to Return to a Pre-Snowden World
Federal court upholds California ban on foie gras sales
OECD seeks inspiration from FATCA model
Junk-Bond Issuance Surges to $26 Billion in the Last Stages of Boom
New health law frustrates many in middle class
Population trends cloud Europe's post-recession outlook