Limelight Networks (Edgio) Acquires Yahoo's Edgecast
June 16, 2022
Limelight Networks completed the acquisition of Yahoo's Edgecast and the combined company rebranded as Edgio. The transaction includes a $30 million cash investment from Apollo Funds, gives Yahoo ~80.8 million Limelight shares (valuing Edgecast at roughly $300 million on a trailing VWAP), and is expected to deliver more than $50 million of annual run-rate cost synergies while expanding Edgio's scale and edge-enabled capabilities.
- Buyers
- Limelight Networks (rebranded as Edgio), Apollo Funds
- Targets
- Edgecast
- Sellers
- Yahoo
- Industry
- Telecommunications
- Location
- California, United States
- Transaction Type
- Buyout
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