About This Deal

Akamai Technologies acquired Edgio (CDN customer contracts) for $158.2 million, a transaction completed in December 2024, structured as all cash.

Edgio (CDN customer contracts) operates in Content Delivery. In December 2024 Akamai acquired certain customer contracts from Edgio (the former Limelight Networks/Edgecast CDN) for an estimated $158.2 million, subject to post-closing adjustments, after Edgio's bankruptcy. Substantially all of the purchase price related to the acquired customer relationships, which Akamai moved onto its delivery platform. (Value disclosed in Akamai's FY2024 Form 10-K, Asset Acquisitions.)

Intended to strengthen Akamai's existing delivery business by transitioning the acquired customers to its platform.

Consolidated another failed CDN's customer base as the market concentrated around Akamai. Migrated acquired traffic onto Akamai's delivery platform. Akamai content delivery

Deal Terms

Acquirer
Akamai Technologies
Target
Edgio (CDN customer contracts)
Value
$158.2 million
Date
December 2024
Type
Asset acquisition
Status
Ready

Transaction Details

Segment
Content Delivery
Structure
All cash
Announced
December 1, 2024
Closed
December 1, 2024
Synergies
Migrated acquired traffic onto Akamai's delivery platform.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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