- Last month, the U.S. District Court in Massachusetts issued a final judgment against Limelight Networks (NASDAQ:LLNW +1.8%) requiring the company to pay $51M to Akamai Technologies (AKAM -0.1%) regarding a longstanding dispute over the '703 patent.
- Today, Limelight Networks announces this judgment has transfigured into a $54M license to be paid over 12 equal quarterly installments.
- Both companies have relinquished any rights to appeal and Limelight Networks will soon have access to the restricted $51M with the flexibility to now pay Akamai Technologies over an extended three-year period of time.
- As a result of the agreement, Limelight Networks can operate free from risk of infringing the '703 patent going forward.