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Teen sells Summly to Yahoo for millions
17-year-old entrepreneur Nick D’Aloisio just sold his news app to Yahoo for a reported $30 million.
Tue, Mar 26, 2013 at 11:47 AM
, a 17-year-old entrepreneur who lives in London, is the newest and now the youngest employee of Yahoo. Two years ago, D’Aloisio came up with the idea for a new news-based iPhone app while studying for a history exam. In November 2012, the app, named Summly, was launched. Just a few months after the app went live, Yahoo bought Summly for a rumored $30 million
. D’Aloisio and two other Summly employees will be joining the team at Yahoo at the company’s Sunnyvale, Calif., headquarters (and we know they won’t be telecommuting
D’Aloisio isn’t just the youngest employee at Yahoo, he’s actually younger than Yahoo itself. Yahoo was incorporated in March 1995 and D’Aloisio was born in Australia in 1996. This new millionaire is levelheaded about his sudden windfall, though, stating that he would be investing the money once he reaches the legal age of 18.
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