Bankruptcy Court Approves Winning Akamai Bid for Select Assets of Edgio [Yahoo! Finance]
Akamai Technologies, Inc. (AKAM)
Last akamai technologies, inc. earnings: 4/28 04:01 pm
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Source: Yahoo! Finance
Bankruptcy Court for the District of Delaware has approved its bid to acquire 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. The transaction does not include the acquisition of Edgio personnel, technology, or assets related to the Edgio network. The court approval follows Akamai submitting the winning bid for the select assets during Edgio's 363 bankruptcy auction on November 13, 2024 , as part of its filing for Chapter 11 bankruptcy relief. The court decision provides the necessary approval for the closing of the sale to proceed. When the transaction closes, several hundred net new Akamai customers will have a clear path and the necessary support to smoothly migrate to a best-in-class and reliable provider of the services they need prior to Edgio ceasing operations of its content delivery network. The customers will also have immediate access
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AKAM
News
- Akamai Technologies (AKAM) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Video on Demand (VoD) in Hospitality Business Analysis Report 2024: Global Market to Reach $176 Billion by 2030 - Rising Demand for Personalized Guest Experience and Role in Conference Facilities [Yahoo! Finance]Yahoo! Finance
- Recent Accolades Validate Akamai's API Security Solution [Yahoo! Finance]Yahoo! Finance
- Recent Accolades Validate Akamai's API Security SolutionPR Newswire
- Akamai Concludes Buyout of Select Edgio Assets: Will AKAM Stock Gain? [Yahoo! Finance]Yahoo! Finance
AKAM
Earnings
- 11/7/24 - Beat
AKAM
Sec Filings
- 12/16/24 - Form 4
- 12/16/24 - Form 144
- 12/13/24 - Form 4
- AKAM's page on the SEC website