Verizon's AOL to Buy Millennial Media for About $250 Million

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  • Deal gives Verizon mobile ad tech for new streaming service
  • Verizon set to square off with Google in mobile video ads

Verizon to Turbocharge AOL: Armstrong

Verizon Communications Inc.’s AOL Inc. agreed to buy ad technology company Millennial Media Inc. for about $250 million, giving it another tool as it mounts a challenge to Google Inc. in mobile advertising.

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