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Moment of youth for Yahoo as it buys key app

A software prodigy from London is living the Silicon Valley dream after Yahoo bought the news app he created for almost $30m.

The web portal, which has put mobile technology at the heart of a plan to turn around its struggling fortunes, has turned to British teenager Nick D’Aloisio and Summly, which automatically summarises news stories for the small screen.

The deal makes a millionaire of 17-year-old Mr D’Aloisio, who taught himself to write software aged 12 and will join Yahoo’s London office while he continues his studies at school.

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