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Millennial Media Will Acquire Jumptap for About $225 Million

Millennial Media Inc. agreed to acquire Jumptap Inc. for about $225 million in stock, scooping up a competitor in the market for mobile-device advertising.

Jumptap investors will get about 24.6 million Millennial Media shares, based on their Aug. 9 price, according to a statement yesterday. The stock closed at $9.13 that day.