Hi-tech teen brothers net €3m in sale of company

TWO Limerick teenagers became the country’s latest millionaires yesterday after selling their internet company in a deal valued at €3 million.

Brothers Patrick, 19, and John Collison, 17, neither of whom have yet completed the Leaving Cert, finalised the sale of their company Auctomatic ! to Canadian firm Live Current Media on Good Friday.

The company, which manages eBay accounts, was founded by the brothers in February last year.