Seeking Alpha

Limelight (LLNW +6.3%) "is in talks to try and sell the company to Verizon (VZ) and is desperate...

Limelight (LLNW +6.3%) "is in talks to try and sell the company to Verizon (VZ) and is desperate to make a deal," Dan Rayburn reports hearing from "multiple attendees from Wall Street" at a conference he hosted. With Limelight burning cash and facing tough competition from Akamai (AKAM) and Level 3 (LVLT), there's logic to exploring a sale. Rayburn points out Limelight's management changes and Verizon's interest in growing its CDN business could lead to a deal. However, he adds Limelight has been seeing employee defections, and has heard Limelight customers criticize the "poor performance" of its CDN. Private XO Communications is also said to be talking with Limelight.
Comments (2)
  • LonW
    , contributor
    Comments (142) | Send Message
     
    I hope it is true, it should help drive the stock back up so I can get out.
    28 May 2013, 12:36 PM Reply Like
  • jaysforecast@optonline.net
    , contributor
    Comment (1) | Send Message
     
    May just be a rumor. But they do have some good proprietary technology. T and VZ should consider buying them and using their digital prescence and cloud services to bulster their business offerings / solutions, no ??
    30 Jun 2013, 09:32 PM Reply Like
DJIA (DIA) S&P 500 (SPY)