NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Millennial Media Incorporated (“Millennial Media” or the “Company”) (NYSE:MM) for potential breaches of fiduciary duties in connection with the sale of the Company to AOL for approximately $238 in a cash transaction. The Company’s stockholders will only receive $1.75 for each share of Company common stock they own. However, the offer
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