froggg Posted March 26, 2013 Share Posted March 26, 2013 Yahoo! has announced plans to buy mobile news reader app Summly from the London teenager who invented it, likely transforming him into one of the world's youngest self-made multimillionaires. The company did not disclose the terms of the deal it struck with 17-year-old Nick D'Aloisio, but the London Evening Standard said Yahoo! would pay between £20 million ($29 million) and £40 million. The Wall Street Journal’s AllThingsD technology blog put the value of the deal at closer to £18 million ($US30 million), with about 90 per cent of that cash and the remainder in Yahoo! stock. AllThingsD also described the deal as being an “acqhire” – also know as a talent acquisition – whereby the buyout is as much aimed at picking up a person or team of people as it is about the underlying technology. "http://www.afr.com/rf/image/2009-2014/AFR/2013/03/25/Photos/b29714aa-9573-11e2-a0af-8ca118f6edd9_nick-daloisio-summly-yahoo-646" alt="b29714aa-9573-11e2-a0af-8ca118f6edd9_nic"> (AFR) Hat's off to the fella. Link to comment Share on other sites More sharing options...
Boycie Posted March 26, 2013 Share Posted March 26, 2013 Can he afford a comb now? Link to comment Share on other sites More sharing options...
froggg Posted March 26, 2013 Author Share Posted March 26, 2013 Needs my clippers.... Link to comment Share on other sites More sharing options...
Boycie Posted March 26, 2013 Share Posted March 26, 2013 That money will ruin him. Link to comment Share on other sites More sharing options...
froggg Posted March 26, 2013 Author Share Posted March 26, 2013 Said he's going to treat himself to a new pair of trainers and might take his mum and dad out for a meal Link to comment Share on other sites More sharing options...
Boycie Posted March 26, 2013 Share Posted March 26, 2013 Typical teenager, wunna spend his pocket money, but wants every thing on a plate. Link to comment Share on other sites More sharing options...
DCFCfranco Posted March 26, 2013 Share Posted March 26, 2013 What am I doing with my life?? Link to comment Share on other sites More sharing options...
Day Posted March 26, 2013 Share Posted March 26, 2013 I'll be a millionaire when I sell this forum, I've already got interested parties from the Middle East Link to comment Share on other sites More sharing options...
rsmini Posted March 26, 2013 Share Posted March 26, 2013 and yet his app does not get very good reviews!! Link to comment Share on other sites More sharing options...
ladyram Posted March 26, 2013 Share Posted March 26, 2013 Typical teenager, wunna spend his pocket money, but wants every thing on a plate. Too bloody right. And it's every bugger elses fault when they don't get it! Link to comment Share on other sites More sharing options...
Boycie Posted March 26, 2013 Share Posted March 26, 2013 I'll be a millionaire when I sell this forum, I've already got interested parties from the Middle Eastwell, that's me getting the sack when the new owners start cutting back on the staff. Link to comment Share on other sites More sharing options...
sage Posted March 26, 2013 Share Posted March 26, 2013 I'll be a millionaire when I sell this forum, I've already got interested parties from the Middle East Middle East...Long Eaton? Link to comment Share on other sites More sharing options...
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