Akamai completes acquisition of certain assets of Edgio


Akamai completes acquisition of certain assets of Edgio

Akamai (AKAM) announced it has completed its acquisition of select assets from Edgio, including certain customer contracts from Edgio's businesses in content delivery and security, and non-exclusive license rights to patents in Edgio's portfolio. On Nov. 26, the U.S. Bankruptcy Court for the District of Delaware approved Akamai's bid to acquire the aforementioned assets following Edgio's 363 bankruptcy auction on Nov. 13, as part of its filing for Chapter 11 bankruptcy relief. The transaction does not include the acquisition of Edgio personnel, technology, or assets related to the Edgio network.

Previous articleNext article

POPULAR CATEGORY

corporate

12593

tech

11464

entertainment

15671

research

7252

misc

16494

wellness

12680

athletics

16593