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AOL to bolster Verizon mobile video ambitions with Millennial deal

AOL’s $248M offer for Millennial expected to boost Verizon’s Go90 service AOL, which was recently acquired by Verizon Communications for $4.4 billion, signed an agreement to acquire mobile advertising platform provider Millennial Media for approximately $248 million. AOL said the acquisition, if approved, will strengthen its...

Millennial Media’s stock climbs as AOL buyout rumors swirl

Reports have circulated that AOL is working on a deal to acquire mobile ad network Millennial Media for an estimated $300 million to $350 million. Talk of the potential buyout, which was first announced by TechCrunch, has given Millennial Media’s stock a boost. Shares soared...