AOL to acquire Columbia Capital-backed Millennial Media for $1.75 per share

AOL has agreed to buy Baltimore-based mobile ad marketplace Millennial Media Inc for $1.75 per share. The deal is expected to be completed in the fall. Goldman Sachs provided financial advice to AOL on the transaction while LUMA Partners did likewise for Millennial Media. In 2012, Millennial Media, which is backed by Columbia Capital, went public.

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