Millennial Media Acquires JumpTap for $225,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4d3abd1e-254f-4a26-8fb1-7e76a66469ae
Date
8/14/2013
Company Name
JumpTap
Mailing Address
155 Seaport Boulevard 8th Floor Boston, MA 02210
Company Description
JumpTap, Inc. provides wireless carriers with an end-to-end, carrier-branded mobile search solution that drives third-party revenue for mobile operators while providing a quick, easy and fun mobile search experience for subscribers.
Website
http://www.jumptap.com
Transaction Type
M&A
Transaction Amount
$225,000,000
Transaction Round
Proceeds Purposes
M&A Terms
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.