% j ]6 F) t+ rA Cheltenham teenager has reportedly turned down £8.5million to sell his website.# |6 x* l5 q) j% D# t
' | Z. U& p( M
Nick Coates, 17, runs Sharpenews, a global news site aimed at young people, reports the Sun./ U5 D, B4 i! ?1 s7 u; I
3 m4 E" f# y' P# \1 FIt has had 89million hits in 18 months and rakes in £2,500 a month from advertisers. : S/ M- c6 L8 |, x 1 Q$ N6 x* f' C+ I3 `( d4 TSeveral firms have made big offers but Nick insists he doesn’t need the money. 5 u- j% q4 H5 h+ d4 M, s3 ^' Q * g5 Q" q+ N$ ?- m* JHe said: "I could walk away with about £4million - but I'm not interested in that at the moment."2 q; Q! l5 m8 b" m
- f; S% s" V" F% o, p" X/ l- r; ENick started the site when he was just 12. It now has 70 contributors worldwide and has won awards including website of the year. $ |/ i7 p. l. _# g- [, K% }# N) t+ |, E0 W. d$ \
He is also studying for four A-levels and even works ten hours a week at a local electrical goods store.