[Malveaux:] You've got love this kid. He's the world's newest multi- millionaire. His name is Nick D'Aloisio. He just sold his Smartphone app to Yahoo! He's still in high school. Zain Asher is joining us New York. He built an app that makes it easier to study. He might not have to study again.
[Zain Asher, Cnn Correspondent:] I know. I know.
[Nick D'aloisio, Sold App For Millions:] I was fortunate to have had a few conversations with Marissa. The thing that excites me and the reason I want to join Yahoo!, there's such scale and opportunity there. Yahoo! has hundreds of millions of people visiting content every month. For a technology like ours or any others, it's a big platform to leverage. With the focus on mobile and beautiful design, I think there's a ton of consumers who are going to love these products.
[Asher:] Very mature for his age. He's on a first-name basis with Marissa Mayer. I'm sure his life is about to change Suzanne?
[Malveaux:] Is it true they paid him $30 million for the app? Really?
[Asher:] Reportedly, yes, a lot of money. You've got to look at it in context, right. Yahoo! has been losing market share to Google. They want to increase their relevance in the mobile world. Mobile is the key to Yahoo!'s lagging fortunes up. One analyst in the "Wall Street Journal" says, it was $30 million, a huge amount, he doesn't think that Yahoo! paid too much and that this is clearly a strategic purchase for them. The app had been downloaded, by the way, one million times before Yahoo!'s deal with the teenage. Plus it has deals with over 250 online publishers. Let's hope it pays off Suzanne?
[Malveaux:] Zain, you and I have got to come up with an app.
[Asher:] I know. I know. I have to think of something.
[Malveaux:] We have to think of something. All right. Work on that.
[Unc Student:] She told me rape is like football. And if you look back on the game, what would you have done differently in that situation?
[Malveaux:] An investigation is now under way into how the university handled that and other sexual assault cases. Our David Mattingly talked to the chancellor to get his side of the story.