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Limelight Networks jumps on report to acquire Yahoo's Edgecast for $300M in an all-stock deal

Mar. 07, 2022 7:42 AM ETEdgio, Inc. (EGIO)By: Meghavi Singh, SA News Editor4 Comments
  • Limelight Networks (NASDAQ:LLNW) is rising 6.7% premarket after the firm agrees to acquire Yahoo's Edgecast, a leading provider of edge security, content delivery and video services, in an all-stock transaction.
  • Yahoo to receive all stock and will invest $30M or about 1x 2021 revenue

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