A 17-year-old London schoolboy has made big news, after he sold his news app company to Yahoo, for an estimated £18m. Nick D'Aloisio hails from Wimbledon in south London, had created the app called Summly – which provides crisp summaries of content from various news sites. The total transaction value is understood to be £18m, assumed to be 90% in cash and 10% in shares at Yahoo. However, some reports suggested the total could go up to as much as £40m.
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