Millennial gets FTC OK on Jumptap deal
Posted: 2:02 pm Fri, September 20, 2013
Millennial Media Inc., of Baltimore, a developer of mobile advertising, said Friday that it received clearance from the Federal Trade Commission to proceed with its proposed acquisition of Boston-based Jumptap Inc., after passing the required waiting period under the federal Hart-Scott-Rodino antitrust law.
On Aug. 13, 2013, Millennial announced it had signed a definitive agreement to acquire privately held Jumptap, a rival mobile advertising company, for approximately $225 million in stock. The deal must be approved by Millennial Media’s stockholders before it takes effect.
For details on the transaction, go to the Investor Relations page of Millennial Media’s website at http://investors.millennialmedia.com.