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Millennial Media Inc Signs Definitive Agreement to Acquire Jumptap Inc


Tuesday, 13 Aug 2013 04:01pm EDT 

Millennial Media Inc announced that it has signed a definitive agreement to acquire privately-held, Boston-based Jumptap Inc in a predominantly stock transaction. Under the terms of the agreement, based on Millennial Media`s closing share price on August 9, 2013, Jumptap shareholders will receive approximately 24.6 million shares of Millennial Media, corresponding to approximately 22.5% 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. 

Company Quote

1.58
0.02 +1.28%
18 Dec 2014