Limelight Networks to Buy Yahoo’s Edgecast in Stock Deal >LLNW

By Colin Kellaher

Limelight Networks Inc. on Monday said it agreed to buy Yahoo’s Edgecast Inc. unit in an all-stock deal that values the provider of edge security, content delivery and video services at about $300 million.

Limelight said it will issue about 72.2 million shares to Yahoo, majority owned by private-equity firm Apollo Global Management Inc., resulting in Yahoo owning about 31.9% of the combined company at closing.

Apollo bought Yahoo last year for $5…


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