Tag Archives: valuing

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

Limelight to buy Yahoo’s Edgecast in a stock deal valuing Edgecast at 0 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… Source link

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