Akamai Concludes Buyout of Select Edgio Assets: Will AKAM Stock Gain?

Akamai Technologies, Inc. (AKAM) has completed the acquisition of select assets of the bankrupt media firm Edgio Inc. The acquired asset portfolio includes certain customer contracts from Edgio's content delivery and security businesses and the non-exclusive license rights to its patents. However, the deal excluded the buyout of Edgio personnel, technology or assets related to the network.The completion of the buyout deal was made possible following the requisite approval last month from the U.S. Bankruptcy ...