A TEENAGER has turned down £8.5million to sell his website.

Nick Coates, 17, runs Sharpenews — the first global news site aimed at young people.

It has had 89million hits in 18 months and rakes in £2,500 a month from advertisers.

Several firms have made big offers but Nick insists he doesn’t need the money.

He said: “I could walk away with about £4million — but I’m not interested in that at the moment.”

Nick, of Cheltenham, Gloucs, started the site when he was just 12. It now has 70 volunteer staff worldwide and has won awards including website of the year.

The whizzkid is also studying for four A-levels and even does ten hours a week working at a Comet store.

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