Akamai Concludes Buyout of Select Edgio Assets: Will AKAM Stock Gain?
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Akamai has completed the acquisition of select assets from Edgio, which is expected to enhance Akamai's revenue-generating capabilities and be accretive to its financials.
December 17, 2024 | 9:15 pm
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Akamai has completed the acquisition of select assets from Edgio, which is expected to enhance its revenue-generating capabilities and be accretive to its financials.
The acquisition of select Edgio assets by Akamai is expected to be accretive, meaning it should positively impact Akamai's earnings per share. This suggests a potential positive impact on Akamai's stock price as the market anticipates improved financial performance.
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IMPORTANCE 80
RELEVANCE 100