Yahoo CEO Marissa Mayer eyes the app, according to All Things D. If true, the iPhone app would fit nicely with Mayer’s recent mobile-focused purchases.

Yahoo CEO Marissa Mayer is looking at buying Summly, an app created by boy genius Nick D’Aloisio to summarize news articles, according to a report from All Things D.

Mayer met with the teenage D’Aloisio in recent weeks, unnamed sources told All Things D. The app uses an algorithm to pull out relevant information from news articles and turns them into neat paragraphs that fit on an iPhone screen, while also linking to the full article.

The technology behind Summly, started out as an app called Trimit, which summarized the information in Web pages. D’Aloisio created it as a tool to help him comb through the vast amount of information he needed to review for his school work. Soon Hong Kong billionaire Li Ka-shing, founder and chairman of of Horizon Ventures, invested $250,000 in D’Aloisio’s company and Trimit was renamed as Summly. On Halloween, Summly relaunched as a news summarizing app.