Tag Archives: LLNW

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

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