Tag: millennial media

AOL Will Acquire Millennial Media, Uniting 2 Big Baltimore Tech Offices

When Millennial Media went public.
When Millennial Media went public.

After a summer of speculation, AOL confirmed it will acquire Millennial Media on Thursday morning.

AOL is paying $1.75 per share of common stock for the publicly-traded, Canton-based adtech company. TechCrunch estimates the deal is worth $238 million when also accounting for Millennial’s debt. That’s a 31 percent premium over the closing price on Wednesday of $1.34.