Will Court Nod for Select Edgio Asset Acquisition Boost AKAM Stock?
Edgio(EGIO) ZACKS·2024-11-28 01:00
Akamai Technologies, Inc. (AKAM) has secured the requisite approval from the U.S. Bankruptcy Court for the District of Delaware to acquire select assets of the bankrupt media firm Edgio Inc. The to-be-acquired asset portfolio includes certain customer contracts from Edgio's content delivery and security businesses and the non-exclusive license rights to its patents. It excludes the acquisition of Edgio personnel, technology or assets related to the network.Edgio filed for bankruptcy in September this year, ...