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AOL To Buy Millennial Media for $238 Million

AOL To Buy Millennial Media for $238 Million

AOL today announced an agreement to acquire Millennial Media for $1.75 per share of its common stock, a deal that works out to about $238 million in cash. Recently acquired by Verizon, AOL continues to build out its profile in the mobile channel with the deal.

With the acquisition of Millennial, AOL gets a mobile supply-side platform covering more than 65,000 apps, access to about a billion active unique users, and engineering, sales, and product staff with long experience in mobile.

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