Summly Sold To Yahoo For $30 Million

It looks like there is yet another young millionaire in town, and it has nothing to do with the showbiz or sports business, but rather, under the banner of technology. British teen Nick D’Aloisio has managed to join this exclusive club, being $30 million richer as he sold his mobile news app known as Summly to Yahoo for that sterling amount. This would rank Nick D’Aloisio as one of the world’s youngest self-made millionaires, and if you think that all of this had to do with dumb luck, think again. Nick taught himself to write software at the tender age of 12, where the built the free iPhone app Summly three years after that.

Despite selling off Summly for that hand-summ amount (sorry, I could not resist that!), he will continue to work out of Yahoo’s office in London. Nick said, “To me, Yahoo is the best company to be joining right now because it’s one of these classic Internet companies. With new leadership from Marissa Mayer, Yahoo has a strong focus on mobile and product, and that’s the perfect fit for Summly.”

Edwin Kee
Categories: General
Tags: Yahoo