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Benzinga
Benzinga
Business
Anusuya Lahiri

Limelight Networks Shares Pop As It Agrees To Snap Apollo, Verizon Owned Edgecast

Limelight APO

Limelight Networks Inc (NASDAQ:LLNW) agreed to acquire Yahoo's Edgecast, Inc, a leading provider of edge security, content delivery, and video services, in an all-stock transaction. 

The transaction values Edgecast at ~$300 million, or about 1x 2021 revenue. 

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