September 10, 2015

AOL announced last week that it is purchasing mobile platform Millennial Media for $1.75/share. The deal equates to a $234 million purchase, reports Business Insider. This purchase follows AOL’s own acquisition by Verizon in May. AOL’s press release says the company is making the purchase to expand its mobile ad capabilities which currently serve more than 350 million monthly global consumers of its premium brands: “AOL is well positioned as consumers spend more and more time on…