News
Washington, D.C. Tech

AOL Scoops up Millennial Media

AOL, which was just acquired by Verizon for $4.4B earlier this year, is acquiring Baltimore-based Millennial Media, an independent mobile ad marketplace launched in 2006, for $1.75/share. The enterprise value of the deal is $238M after accounting for debt. AOL is using the acquisition to build out its digital advertising presence, specifically mobile ads. Millennial Media’s network covers 65,000 apps and 1 billion active users globally. Millennial went public in 2012 and posted a valuation of $2B. The deal is expected to close this fall. [TC]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

Montgomery County Approves 18-Month Data Center Moratorium

With New $250M Deal, Elme Is Fully Set To Liquidate

Simpson Thacher Appears In Talks For What Could Be One Of D.C.'s Largest Office Leases In 2026

Hines Nabs 4 Prince William Housing Sites: The D.C. Deal Sheet

AvalonBay Sells 217-Unit Community Next To Greensboro Metro

GSA Head Says Federal Government Has 'Place To Play' In Southwest D.C. Redevelopment

Downtown D.C. Office In Receivership Hits Market For Conversion

Nonprofit Takes On $105M Silver Spring Project: The D.C. Deal Sheet

Janeese Lewis George Wants To Stabilize Rent. The Question Is How