Yahoo Pays Big for Teen Coding Whiz and His App

Yahoo has paid a reported $30 million for Summly, a newsreader app founded by 17-year-old programming prodigy Nick D'Aloisio. The move makes D'Aloisio, based in London, both an instant multimillionaire and Yahoo's youngest employee. The Summly app, which delivers 400-character summaries of news stories, will be shut down, but the technology will soon appear in Yahoo's mobile products.

Source: http://ectnews.com.feedsportal.com/c/34520/f/632000/s/2a05fa74/l/0L0Stechnewsworld0N0Crsstory0C776330Bhtml/story01.htm

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