Tag Archives: Limelight

Poised for growth with the most complete edge native solution to deliver the fastest web applications on the planet, in a high growth $40 billion market Improved profitability underwritten by greater than $50 million of run-rate cost synergies and meaningful revenue diversification Stronger balance sheet and Board with Apollo Funds/Yahoo’s investment TEMPE, Ariz., June 16, 2022–(BUSINESS WIRE)–Edgio, Inc. (Nasdaq: EGIO), the globally-scaled software solutions provider powering secure… Source link

By Colin Kellaher Shares of Limelight Networks Inc. rose more than 10% on Monday after the provider of content delivery network services said it struck a deal to combine with Yahoo’s Edgecast Inc. edge-security, content-delivery and video-services unit. The deal, which values Edgecast at about $300 million, would give Yahoo a nearly 32% stake in the combined company, which would operate as Edgio. The purchase price includes a $30 million investment in the combined… Source link

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… Source link

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… Source link

Combined Company to Operate as Edgio, Delivering Significantly Increased Scale and Scope with Diversified Revenue Across Products, Clients, Geographies and Channels and an Expanded Total Addressable Market of $40 Billion Yahoo to Receive All Stock and Will Invest $30 Million Demonstrating Conviction in Combined Company’s Growth Plans; Will Own 31.9% of Pro Forma Company and Appoint Three Directors The Strategic Spinoff Delivers Enormous Value and Opportunity for Yahoo as Edgio Scales… Source link