AOL Acquires Mobile-Ad Company Millennial Media

Bloomberg: Verizon’s AOL has agreed to buy ad technology company Millennial Media for about $250 million, giving it another tool as it mounts a challenge to Google in mobile advertising. Verizon will make its mobile video-streaming service, called Go90, widely available in coming days. With Baltimore-based Millennial, it will be able to deliver more targeted ads to subscribers on their smartphones. The deal also gives Verizon more stake in a mobile ad market dominated by Facebook Inc. and Google.