http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/9952658/British-teen-sells-Summly-app-for-millions.html
A south London schoolboy has become one of the world’s youngest tech millionaires after selling his mobile app to Yahoo! Nick D’Aloisio, 17, developed the app, called Summly. The app, which summarizes news stories, will now close and its features will be used in mobile products at Yahoo!. Nick will also start a full-time job at the web giant while he studies for his A-levels. Nick received almost $30 million for the app, which has been downloaded around one million times since its launch last year. Nick, who lives with his family in Wimbledon, said he had "boring" plans for the money. "I'm planning to invest it - my parents are in control of it," he said. "I want to buy a shoulder bag." Summly condenses news articles into three key paragraphs that fit onto an iPhone screen. Users can customize the news categories and link to the original article if they like the summary.
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