(BBC) — An app created by a UK teenager has been acquired by web giant Yahoo in a deal the BBC understands to be worth "dozens of millions" of pounds.
Seventeen-year-old Nick D'Aloisio's Summly app summarises news stories from popular media companies.
Neither company would disclose the terms of the deal publicly.
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The app itself will now close, but its features will be used in mobile products at Yahoo, where Mr D'Aloisio has been given a job.
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