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Stockreport

Akamai Announces Winning Bid for Select Assets of Edgio [Yahoo! Finance]

Akamai Technologies, Inc. (AKAM)  More Company Research Source: Yahoo! Finance
Last akamai technologies, inc. earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.akamai.com
online, today announced it is the winning bidder to acquire select assets from Edgio, including customer contracts from Edgio's businesses in security and content delivery, and non-exclusive license rights to Edgio's entire patent portfolio. No assets related to the Edgio network would be acquired as part of the bid. Pursuant to Edgio's filing for Chapter 11 bankruptcy relief on September 9, 2024 , Edgio initiated a 363 bankruptcy sale procedure for qualified bidders to bid for the company's assets. The 363 sale auction was concluded on November 13, 2024 , and winning bids were declared. The court hearing to consider approval of the sale transaction is currently set for November 25, 2024 . Following court approval, the parties can proceed with closing the transaction. Akamai anticipates providing additional information regarding the expected financial impact from assets purchased as part of the transaction once approved by the court. If the court approves, the transaction would be e [Read more]
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Stockreport

Akamai Announces Winning Bid for Select Assets of Edgio [Yahoo! Finance]

Akamai Technologies, Inc.  (AKAM) 
More Company Research Source: Yahoo! Finance
Last akamai technologies, inc. earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.akamai.com
online, today announced it is the winning bidder to acquire select assets from Edgio, including customer contracts from Edgio's businesses in security and content delivery, and non-exclusive license rights to Edgio's entire patent portfolio. No assets related to the Edgio network would be acquired as part of the bid. Pursuant to Edgio's filing for Chapter 11 bankruptcy relief on September 9, 2024 , Edgio initiated a 363 bankruptcy sale procedure for qualified bidders to bid for the company's assets. The 363 sale auction was concluded on November 13, 2024 , and winning bids were declared. The court hearing to consider approval of the sale transaction is currently set for November 25, 2024 . Following court approval, the parties can proceed with closing the transaction. Akamai anticipates providing additional information regarding the expected financial impact from assets purchased as part of the transaction once approved by the court. If the court approves, the transaction would be e [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AKAM
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS