- AOL (VZ +0.7%) has closed its $248M deal for Millennial Media (NYSE:MM) after 80% of shareholders tendered shares by the midnight deadline.
- Millennial's now a wholly owned subsidiary and has stopped trading on the NYSE. Adding the company gives a boost to AOL's ONE ad network and, AOL says, "adds an incredibly talented team of mobile-first experts, many of whom will take on leadership and integral roles at AOL Platforms."
- Nine Millennial Media execs are taking roles at AOL, though CEO Michael Barrett departed the company.
- Previously: AOL/Verizon buying Millennial Media for $248M (Sep. 03 2015)