economy. one european that's about to make a big deposit in his bank. this young man, his name is nick d'aloisio. he's 17 years old. he's about to be worth millions. yahoo reportedly just bought his company and the tech blog puts the price tag at $30 million. 17 years old, just sold his company to yahoo for $30 mill. he invented a news-reading app. in december, he told cnn's piers morgan how he got the idea. >> sure. i started programming when i was 12 and have been doing apps for a few years. and the way i thought of this idea is i was revising some history items and i thought if i could build a technology and condense the content, it would help everyone else my age consume it. >> the app takes articles, turns it into short summaries, making it easier to read on your smartphone. nick still has to finish high school, so he'll work from yahoo's london office to comply with their new policy that bans