Akamai (AKAM) announced it has completed its acquisition of select assets from Edgio, including certain customer contracts from Edgio’s businesses in content delivery and security, and non-exclusive license rights to patents in Edgio’s portfolio. On Nov. 26, the U.S. Bankruptcy Court for the District of Delaware approved Akamai’s bid to acquire the aforementioned assets following Edgio’s 363 bankruptcy auction on Nov. 13, as part of its filing for Chapter 11 bankruptcy relief. The transaction does not include the acquisition of Edgio personnel, technology, or assets related to the Edgio network.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AKAM:
- Fastly (FSLY) Soars 20% amid Analyst Upgrade and Competitor Bankruptcy
- Tesla upgraded, Autodesk initiated: Wall Street’s top analyst calls
- Fastly upgraded to Outperform at Oppenheimer amid CDN consolidation
- Akamai upgraded to Outperform at Oppenheimer amid CDN consolidation
- Akamai upgraded to Outperform from Perform at Oppenheimer