Limelight To Acquire Edgecast From Apollo Funds For $300M, Rebrand As Edgio

Mar. 07, 2022 12:10 PM ETEdgio, Inc. (EGIOQ) StockEGIOQ3 Comments
Dan Rayburn
975 Followers

Summary

  • Limelight Networks has announced its plans to acquire Yahoo's Edgecast from Apollo Funds in an all-stock deal.
  • By combining the two companies, Limelight gets to expand its product strategy to focus more of its efforts on cloud security services.
  • When the integration between both companies is done, Limelight will have a global network capacity of more than 200 Tbps with more than 300 PoPs.

Social networking service. Streaming video. communication network. 3D illustration.

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Limelight Networks (LLNW) has announced their plans to acquire Yahoo's Edgecast from Apollo Funds in an all-stock deal valued at approximately $300 million, or 1x Edgecast's 2021 total revenue of $285 million (Listen to

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Dan Rayburn is considered to be one of the foremost authorities, speakers, and writers on streaming media technology and online video business models. An avid blogger, author and analyst, Dan is often referred to as the "voice of the industry" and has been quoted in more than a thousand news items by nearly every major media outlet over the past twenty years. His blog (streamingmediablog.com) is one of the most widely read sites for broadcasters, content owners, Wall Street money managers and industry executives in the online video sector. His articles have been published by the WSJ, NYT, CNN, Huff Post, Fortune, Business Insider, Gizmodo and he has been interviewed on Bloomberg, FOX, CNN, CBS, CNBC, and NPR amongst others. Due to his expertise in the content delivery market, he has also received invitations to speak as a witness at hearings by both the U.S. Senate and U.S. House of Representatives on topics pertaining to net neutrality, telecom mergers and content delivery architectures. He is also the Chairman for the NAB Streaming Summit conferences that take place in Las Vegas and NY. nabstreamingsummit.com

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