AOL, the former Internet provider turned media tech company, has just announced they have signed an agreement to acquire mobile advertising company, Millennial Media.
The announcement comes on the heels of Verizon’s purchase of AOL for $4.4 billion that took place earlier this year. With more and more media consumption moving toward mobile, Verizon’s acquisition of AOL seems to be a big step for the company in the direction of digital media and marketing.

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