Akamai (AKAM +5.3%) is reportedly in talks to buy rival content delivery network Cotendo, which...

Akamai (AKAM +5.3%) is reportedly in talks to buy rival content delivery network Cotendo, which it's currently suing, for more than $300M. Dan Rayburn views Cotendo as a growing threat to Akamai, with customers claiming the Israeli startup's network is both faster and cheaper for certain high-margin applications. Publicly-traded rival Limelight (LLNW +6.6%) is also surging.