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Millennial Media to acquire Jumptap
2013-08-14 09:22:00| Telecompaper Headlines
(Telecompaper) Millennial Media has agreed to acquire mobile advertising company Jumptap in a predominantly stock transaction. Under the terms of the agreement, Jumptap shareholders will receive approximately 24.6 million shares of Millennial Media, corresponding to approximately 22.5 percent pro forma ownership post transaction. The closing of the acquisition is subject to the satisfaction of various customary closing conditions, including approval by Millennial Media's stockholders.
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Category:Telecommunications