Millennial Media today announced that it has signed a definitive agreement to acquire Nexage for approximately $107.5 million in cash and stock, subject to certain adjustments. Based in Boston, privately held Nexage is a leading provider of Real-Time-Bidding (RTB) technology that helps to automate the buying and selling of mobile advertising.
WilmerHale is representing Nexage in this transaction. The team is led by Corporate Partners Jeff Hermanson and Mick Bain and includes Counsel Peter Osborn and Associate Christie DiNapoli, as well as Tax Partner Kimberly Wethly and Senior Associate Meghan Walsh.
More details can be found on Nexage.com.