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Limelight Networks, Inc. (LLNW)

  • Mon, Jun. 22, 12:32 PM
  • Jun. 16, 2014, 10:04 AM
  • Dec. 23, 2013, 4:46 PM
  • May 28, 2013, 12:00 PM
    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.
  • Nov. 28, 2011, 9:46 AM
    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.
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  • Aug. 30, 2011, 8:01 AM
    Limelight Networks (LLNW) soars 9.3% after announcing it will sell its EyeWonder online advertising unit to DG (DGIT) for $66M in cash - money the company can definitely use, given its rate of cash burn. Dan Rayburn had reported that Limelight was looking to sell EyeWonder, and perhaps merge its content delivery network (CDN) assets with Level 3's (LVLT) CDN business.
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  • Aug. 16, 2011, 2:36 PM
    Quick take on Limelight/Level 3: With Limelight bleeding cash, undercut by Level 3 on pricing, and incapable of generating the margins seen by market leader Akamai (AKAM) on value-added services, a merger with Level 3 is probably a smart move. Of course, the deal would only worsen Akamai's woes in the low-margin media delivery space.
  • Aug. 16, 2011, 2:35 PM
    Online video analyst Dan Rayburn claims Limelight Networks (LLNW), which was recently hammered after reporting Q2 results, has been in talks about merging its content delivery network (CDN) business with Level 3's (LVLT) CDN operations, and simultaneously selling its EyeWonder online ad business. (previously)
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Company Description
Limelight Networks Inc operates a computing platform. The Company provides services including content delivery services, video content management services, performance services for website and web application acceleration, and cloud storage services.
Sector: Services
Country: United States