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Millennial Media Buys Nexage

Peter Kafka covers media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.

Mobile ad company Millennial Media is buying Nexage, a company that helps automate ad buying and selling. Millennial will pay $107.5 million for the company; $85 million of that will be in Millennial stock, which has been falling steadily all year.

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