Limelight to buy Yahoo’s Edgecast in a stock deal valuing Edgecast at $300 million

Shares of Limelight Networks Inc.
LLNW,
+13.03%
rallied 6.7% in premarket trading Monday, after the content delivery services provider announced a deal to buy Yahoo’s Edgecast Inc., a provider of security, content delivery and video services, in a stock deal that values Edgecast at about $300 million. Yahoo, which owns Edgecast, is owned by Verizon Communications Inc.
VZ,
-0.90%
and funds managed by affiliates of Apollo Global…