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Verizon's AOL to buy Millennial Media for about $250 million
2015-09-03 18:47:20| Telecom - Topix.net
Verizon Communications Inc.'s AOL Inc. agreed to buy mobile-ad company Millennial Media Inc. for about $250 million. The $1.75-a-share offer is a 31% premium to Millennial's price at Wednesday's close.
AOL accelerates mobile push with Millennial Media buy
2015-09-03 16:49:00| Telecompaper Headlines
(Telecompaper) AOL is expanding its push into the mobile market with an agreed takeover of Millennial Media, a specialist in mobile advertising. AOL agreed to pay USD 1.75 per share common share for the company, a premium of about 31 percent compared to Millennial's closing price the day before the announcement. Founded in 2006, Millennial Media operates a mobile ad exchange, connecting advertisers to targeted audiences in apps and mobile publishers. The company will strengthen AOL's position on the mobile advertising market, also in several countries outside the US, and help its new parent company Verizon's push into the mobile video and content market. Millennial Media's most recent results for the second quarter showed a net loss of USD 15.5 million on revenues of USD 65.8 million, both slightly down on the year-earlier figures. The company claims to reach over 700 million monthly unique users globally, including 190 million in the US, and around 65,000 apps were registered on Millennial Media's platform as of the end of June. The acquisition by AOL is expected to close this autumn, pending regulatory approval.
The Wall Street Journal: AOL to buy Millennial Media
2015-09-03 16:16:52| IT Services - Topix.net
AOL, recently acquired by Verizon Communications Inc., has agreed to buy Millennial Media Inc. for about $250 million, a move to grow its app monetization services. Millennial Media, founded in 2006, offers advertising and monetization services for mobile and Web-based products.
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B&G Foods to buy Green Giant, Le Sueur from General Mills in $765 million deal
2015-09-03 16:13:58| Food - Topix.net
B&G Foods expects the deal to close in the fourth quarter and to immediately boost earnings per share and free cash flow. "The acquisition marks our entry into the frozen food category, which we believe will open many future growth opportunities," Chief Executive Robert Cantwell said in a statement.
Tags: general
buy
green
million
B&G Foods to buy Green Giant, Le Sueur from General Mills in $765 million deal
2015-09-03 15:20:11| Agriculture - Topix.net
B&G Foods expects the deal to close in the fourth quarter and to immediately boost earnings per share and free cash flow. "The acquisition marks our entry into the frozen food category, which we believe will open many future growth opportunities," Chief Executive Robert Cantwell said in a statement.
Tags: general
buy
green
million
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