Nick D’Aloisio, 17, youngest internet millionaire-summly creator.

Yahoo bought an app for a multi million deal with a 17yr old kid who dreamed of an app on his bed-summly.

The terms of purchase have not been declared,but it is thouht that yahoo will pay between £20 million and £40 million for summly app.

the idea behind summly is to make it easier for 15-year old nick to read online articles easier when he was preparing for mock tests.The app breaks any internet article in to a summary of not more than 350 to 400 words.

'When i founded summly at 15, i would never have never being in such a position suddenly',he added going on to thanking his investors,his family,friends,his school and users of the app.

Under the terms of summly deal,nick will work at yahoo at their soho offices while studying for three A levels at king's college school in the evening.