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Teenager sells Summly app to Yahoo for 'millions'

A 17-year-old has sold an app he designed to Yahoo! in a deal believed to be worth tens of millions of pounds.

Nick D'Aloisio created Summly, which offers "snack-sized content" from media sources, when he was just 15.

Nick D'Aloisio has been compared to Facebook founder Mark Zuckerberg. Credit: ITV News

In a message on the Summly website, he wrote: "I am delighted to announce Summly has signed an agreement to be acquired by Yahoo!.

"After spending some time on campus, I discovered that Yahoo! has an inspirational goal to make people's daily routines entertaining and meaningful, and mobile will be a central part of that vision. For us, it's the perfect fit.

The teenager, who is studying for his A-levels, will join the Yahoo! team in London.