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A British teenager has a multi-millionaire after an app he to web giant Yahoo. The deal is to be worth up to $30 million and a position working on Yahoo's future mobile projects. Nick D'Aloisio, 17, his Summly app when he was just 15. He was for school exams and became frustrated at through lengthy online articles. He created the app to long reports so people could more easily digest the content. Yahoo's boss of mobile content development Adam Cahan said: "It started with an insight, that we in a world of constant information and need new ways to how we find the stories that are important to us, at a glance."

Mr D'Aloisio coding when he was 12 years old and the bulk of his Summly app in his bedroom. He his app when he was 15 and it soon over $1.5 million of investment, from Hollywood stars Ashton Kutcher and Stephen Fry. The acquisition by Yahoo the British teen one of the world's youngest self-made millionaires. He his tie-up with Yahoo is perfect, saying: "To me, Yahoo is the best company to be right now because it's one of these classic Internet companies. With new leadership from Marissa Mayer, Yahoo a strong focus on mobile and product, and that's the perfect fit for Summly."