Seeking Alpha

Akamai rallies amid M&A rumors

  • Rumors of M&A interest from AT&T have led Akamai (AKAM +2%) to move higher over the last 20 minutes of trading.
  • Verizon recently struck a deal to acquire Akamai rival EdgeCast. But from all indication, the deal's price tag (reportedly $350M+) was a tiny fraction of Akamai's current market cap ($8.35B).
  • Akamai and AT&T have a CDN reseller partnership.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)