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Teen turns down £8.5m " N" M4 D6 v$ K' w7 s% E: H" [! j/ [( e0 Z* G; c6 j; K
A Cheltenham teenager has reportedly turned down £8.5million to sell his website. 3 A( D+ O, z6 ^/ v1 }, K% l# r6 g/ ?& R/ G3 z
Nick Coates, 17, runs Sharpenews, a global news site aimed at young people, reports the Sun. + v* r! Y: F' n. o, @2 a: A( \& n0 ]% `6 w6 \4 r
It has had 89million hits in 18 months and rakes in £2,500 a month from advertisers. + i& D/ ^$ @9 _* j ! _2 F1 r6 R2 F$ q$ n9 }% }) F6 _Several firms have made big offers but Nick insists he doesn’t need the money. 9 y' k- H) j- t/ s! g, B. Y& f( P: K0 J6 {
He said: "I could walk away with about £4million - but I'm not interested in that at the moment."8 i, G \& X! Q: A0 P
# N) q" |( R. c+ h! {Nick started the site when he was just 12. It now has 70 contributors worldwide and has won awards including website of the year. # [! T0 x8 p- z1 a$ J2 Q2 p5 _; Y" d4 V, u, X J! I- w7 u
He is also studying for four A-levels and even works ten hours a week at a local electrical goods store.