25/03/2013
UK Teen Sells App For 'Dozens Of Millions'
A UK teenager has sold an app he created to Yahoo for an undisclosed sum, thought to be “dozens of millions”.
17-year-old Nick D’Aloisio created the app Summly, which summarizes news stories from popular media companies.
He launched the app when he was just 15 and soon attracted more than £1m of investment.
Neither company would disclose the terms of the deal publicly.
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.
Mr D'Aloisio is now likely to be one of the world's youngest self-made multi-millionaires.
(H)
17-year-old Nick D’Aloisio created the app Summly, which summarizes news stories from popular media companies.
He launched the app when he was just 15 and soon attracted more than £1m of investment.
Neither company would disclose the terms of the deal publicly.
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.
Mr D'Aloisio is now likely to be one of the world's youngest self-made multi-millionaires.
(H)
Related UK National News Stories
Click here for the latest headlines.
24 November 2011
'Questions Remain' Despite Murdoch Jnr Resignation
Labour's Media Secretary has said that James Murdoch still had questions to answer despite stepping down from the board of News Group Newspapers. News International, a News Corp.
'Questions Remain' Despite Murdoch Jnr Resignation
Labour's Media Secretary has said that James Murdoch still had questions to answer despite stepping down from the board of News Group Newspapers. News International, a News Corp.
17 October 2005
BT simplifies broadband packages
BT has announced a "deepening" of its relationship with Yahoo! on the introduction of a simplified range of four broadband packages and that trials of an 8Mbps service are to start.
BT simplifies broadband packages
BT has announced a "deepening" of its relationship with Yahoo! on the introduction of a simplified range of four broadband packages and that trials of an 8Mbps service are to start.
12 August 2005
Yahoo forks out $1bn in Chinese e-deal
Web directory company Yahoo has forked out $1 billion for stake in Chinese e-commerce company Alibaba.com. The outfit is China's largest e-commerce firm and the deal will give Yahoo around a 40% economic interest with a 35% voting share making it the largest single investor in Alibaba.com.
Yahoo forks out $1bn in Chinese e-deal
Web directory company Yahoo has forked out $1 billion for stake in Chinese e-commerce company Alibaba.com. The outfit is China's largest e-commerce firm and the deal will give Yahoo around a 40% economic interest with a 35% voting share making it the largest single investor in Alibaba.com.
22 May 2003
Yahoo kicks off anti-spam campaign
Email users are being asked to trash junk mail as Yahoo kick off the first global anti-spam day of protest. Unsolicited junk email, spam, is credited with contributing to worker stress, but also now internet experts are warning that as a marketing tool it may be becoming unusable.
Yahoo kicks off anti-spam campaign
Email users are being asked to trash junk mail as Yahoo kick off the first global anti-spam day of protest. Unsolicited junk email, spam, is credited with contributing to worker stress, but also now internet experts are warning that as a marketing tool it may be becoming unusable.
12 June 2014
'Anti Uber' Demonstration Causes Traffic Disruption
Parts of central London have been gridlocked after more than 12,000 black cabs headed the centre of the city as part of a European taxi demonstration over Uber, a rival service which works without regulation thanks to an app. In London, cabs drivers gathered at Trafalgar Square at 14:00 for an hour-long protest.
'Anti Uber' Demonstration Causes Traffic Disruption
Parts of central London have been gridlocked after more than 12,000 black cabs headed the centre of the city as part of a European taxi demonstration over Uber, a rival service which works without regulation thanks to an app. In London, cabs drivers gathered at Trafalgar Square at 14:00 for an hour-long protest.
-
Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.