Akamai Announces Winning Bid for Select Assets of Edgio
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Akamai has announced its successful bid to acquire select assets from Edgio, including customer contracts in security and content delivery, and non-exclusive license rights to Edgio's patent portfolio.
November 15, 2024 | 1:45 pm
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Akamai has successfully bid to acquire select assets from Edgio, which includes customer contracts in security and content delivery, and non-exclusive license rights to Edgio's patent portfolio. This acquisition could enhance Akamai's service offerings and market position.
The acquisition of Edgio's assets is likely to enhance Akamai's service offerings in security and content delivery, potentially leading to increased market share and revenue. This strategic move is expected to positively impact Akamai's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 90