Akamai Technologies Inc

NASDAQ:AKAMUnited States

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• Akamai Technologies to Acquire Select Edgio Assets Via Bankruptcy Sale, from 8 hours ago by MT Newswires

  8 hours ago by MT Newswires
  Companies Mentioned: AKAM
  09:05 AM EST, 11/15/2024 (MT Newswires) -- Akamai Technologies (AKAM) said Friday it is the winning bidder to acquire select assets from Edgio's bankruptcy sale. The assets to be acquired include customer contracts from Edgio's businesses in securit...

• Akamai Announces Winning Bid for Select Assets of Edgio, from 8 hours ago by PR Newswire

  8 hours ago by PR Newswire
  Companies Mentioned: AKAM

  Akamai (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business 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.

• Akamai Announces Winning Bid for Select Assets of Edgio, from 8 hours ago by Dow Jones

  8 hours ago by Dow Jones
  Companies Mentioned: AKAM
  
  Akamai Announces Winning Bid for Select Assets of Edgio
  
  PR Newswire
  
  CAMBRIDGE, Mass., Nov. 15, 2024
  
  CAMBRIDGE, Mass., Nov. 15, 2024 /PRNewswire/ -- Akamai (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business 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.
  

• Press Release: Akamai Announces Winning Bid for Select Assets of Edgio, from 8 hours ago by Dow Jones

  8 hours ago by Dow Jones
  Companies Mentioned: AKAM, EGIOQ