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Summly is all that and a bag of fish and chips, with a very slick app for the Apple iPhone that has become one of the more popular in the App Store since it was re-launched last month. The company has said it has been downloadedtimes. It deserves the attention, as it is a pleasure to use — think an even hipper version of Flipboard with some more sass.

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But he won't be moving to the company's California headquarters just yet … because he wants to finish his A-levels. Nick D'Aloisio, from Wimbledon, south London, created the app, called Summly — which provides bite-sized summaries of content from news and other sites — a little over a year ago from his bedroom and now joins an elite group of teenagers who have become internet millionaires. D'Aloisio, who is still too young to be a director of his own firm, said he had begun tinkering with apps for mobile devices as a hobby and had not expected to profit from it.

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By Jessica Winch. The app, which summarises 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. What we learnt in

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Yahoo said today that it bought mobile news reader Summly, founded two years ago by year-old British entrepreneur Nick D'Aloisio. Terms of the deal weren't disclosed. For us, it's the perfect fit.

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Nicholas D'Aloisio born 1 November is a British computer programmer and internet entrepreneur. D'Aloisio was born in London. At a young age, D'Aloisio and his family moved to Australia where they resided in Perth and Melbourne.

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We thought the deal was weird. Not only did the Summly team not invent the app's technology, they also did not build the app. A company called Somo did.

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Jeff Brady. The twist is that the person who created it is year-old Nick D'Aloisio. He lives in England. The acquisition is the latest in a series of high profile moves Yahoo has made recently.

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Get your headlines, email, quotes and more — all in one place. Maybe turn down the volume on your headphones before clicking this one. A new study shows that sesame allergies may affect 1.

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The team and technology are unexceptional and the app itself will be shut down. What Yahoo really gets for its big check is momentum and buzz. Yahoo was last cool in approximately the mid s. It has been attempting comebacks ever since.

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