If AOL Buys Millennial Media, It Will Have Reeled In One of Mobile's Last Available Big Fish

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According to a TechCrunch report Wednesday, AOL is in talks to acquire Millennial Media for $300 million to $350 million, which would give the company's mobile business a boost. Millennial Media runs ads on publishers' mobile apps and sites, which in theory, AOL could use to place ads for brands.