[telecom] Millennial Media To Acquire Mobile Ad Company Jumptap For $200M+ In Millennial Stock
Millennial Media To Acquire Mobile Ad Company Jumptap For $200M+ In Millennial Stock
ANTHONY HA Tuesday, August 13 TechCrunch
Millennial Media just announced that it has reached an agreement to acquire Jumptap, a deal that brings together two well-known mobile ad companies.
The acquisition press release describes the deal as "a predominantly stock transaction," with Jumptap shareholders to receive 24.6 million shares in publicly traded Millennial, giving them ownership of about
22.5 percent of the company. (At the current price, those shares would be worth about $209 million.)..
Posted 5 years ago by Monty Solomon in General Telecommunications Forum
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