On Friday, Shares of Millennial Media Inc. (NYSE:MM), remained flat to $1.74.
AOL declared its continued investment in cross platform programmatic technology for marketers and publishers by signing an agreement to acquire Millennial Media, Inc. (MM), a leading end-to-end mobile platform, for $1.75 per share of Millennial Media common stock.
Following AOL’s recent acquisition by Verizon, which operates the nation’s largest and most reliable wireless network, and its global enterprise-level partnership with Microsoft, recently’s declaration further strengthens AOL’s mobile capabilities and underlines its position as the first global mobile media technology company. AOL now operates scaled global content brands, a scaled global content delivery network, a scaled global programmatic advertising platform and a subscription services platform.
With the acquisition of Millennial Media, AOL will:
- Add a leading supply-side platform for app monetization with over 65,000 apps to its publisher suite of offerings
- Add noteworthy mobile brand advertising scale across ONE by AOL
- Have access to about 1 billion global active unique users and robust addressable and cross-screen targeting capabilities
- Accelerate its mobile position in key international markets, counting Singapore, Japan, UK, France and Germany
- Add world-class engineering, sales and product talent that specialize in mobile to AOL
Millennial Media, Inc. provides mobile advertising solutions to advertisers and developers in the United States and internationally. It offers advertisers the opportunity to reach and engage with their targeted audiences across mobile devices and screens; solutions that enables advertisers to gain insights into the performance of their ad campaigns and to manage their campaigns; and cross-screen device map that allows to associate a single user with multiple online and mobile devices.
Shares of JPMorgan Chase & Co. (NYSE:JPM), declined -1.88% to $61.50, during its last trading session.
Chase, one of the nation’s leading banks for American small businesses, launched this week its annual speaker series featuring Delivering Happiness’ Jenn Lim. In addition to 20 invitation-only seminars across the country this fall, a live webcast will be broadcast via Chase YouTube on October 14 from San Francisco.
Lim is the CEO and Chief Happiness Officer of Delivering Happiness, a company she and Tony Hsieh (CEO of Zappos.com) co-founded based on the tenets of the best-selling book Delivering Happiness: A Path to Profits, Passion, and Purpose. Informed by business best practices, cutting-edge research from the field of positive psychology, and global experience, Lim and Delivering Happiness have developed an approach to sustainable culture that maximizes employee engagement and company profit.
“I am excited to share the lessons we’ve learned from Zappos and companies around the world on how happiness and culture can impact small businesses!” said Limm.
As a consultant with Zappos, Lim created the Zappos’ Culture Book, a symbol of how companies are using happiness as a business model to improvement productivity and profitability. The model they believe and use is that happier employees = happier customers = profitable/sustainable business (and most importantly, meaningful lives).
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Finally, Johnson Controls Inc. (NYSE:JCI), ended its last trade with -0.75% loss, and closed at $39.68.
Johnson Controls, declared it has accomplished the sale of its Global Workplace Solutions (GWS) business to CBRE Group (CBG) for $1.475 billion. Global Workplace Solutions is one of the world’s largest providers of facilities administration services.
The sale comprises a 10-year planned relationship between the two companies. Johnson Controls will be the preferred provider of HVAC equipment, building automation systems and related services to the 5 billion sq. ft. portfolio of real estate and corporate facilities managed globally by CBRE and GWS. The agreement provides Johnson Controls with new channels for its offerings and when fully operational is predictable to generate up to $500 million of annual incremental revenue for the Johnson Controls Building Efficiency business.
Johnson Controls, Inc. operates as a diversified technology and industrial company worldwide. Its Building Efficiency segment designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, in addition to building administration systems, controls, and security and mechanical equipment.
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