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Millennial Media (NYSE: MM), the independent leader in mobile advertising and data, today announced that it has received clearance from the U.S. Federal Trade Commission, or FTC, through the expiration of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to its proposed acquisition of Jumptap, Inc. “We are pleased with the quick and orderly review by the Federal Trade Commission and are confident in our ability to complete the transaction,” said Paul Palmieri, President and Chief Executive Officer of Millennial Media.
Millennial Media announced on August 13, 2013 that it has signed a definitive agreement to acquire privately-held, Boston-based Jumptap. The closing of the acquisition is subject to the satisfaction of various customary closing conditions, including approval by Millennial Media’s stockholders. Millennial Media has posted materials on the Investor Relations page of the Millennial Media website at http://investors.millennialmedia.com which provide more details about the transaction.