Millennial Media Acquires JumpTap for $225,000,000

  • Feed Type
  • 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.

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