Millennial Media, Inc. Reports Employment Inducement Equity Grants in Connection with Closing of Nexage Acquisition

BALTIMORE--(BUSINESS WIRE)--Millennial Media (NYSE:MM), the leading independent mobile marketplace, today announced that it has made employment inducement equity awards to 82 new employees in connection with its acquisition of Nexage, Inc. The inducement awards cover an aggregate of 7,467,067 shares of Millennial Media common stock in the form of options to purchase shares of Millennial Media common stock and restricted stock units of Millennial Media common stock, and are being made as a material inducement to employees entering into employment with Millennial Media in connection with the acquisition transaction.