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Limelight Acquires Yahoo’s Content Delivery Firm From Apollo

  • Edgecast Networks valued at about $300 million in transaction
  • New firm to be named Edgio with Apollo, Yahoo having 32% stake
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Limelight Networks Inc. has struck a deal with Apollo Global Management Inc. to acquire Edgecast Networks Inc., a content delivery service provider owned by the private equity firm’s portfolio company Yahoo

The all-stock transaction values Edgecast at about $300 million, according to a statement Monday that confirmed an earlier Bloomberg News report. Limelight will operate under the new name Edgio, with Yahoo maintaining a roughly 32% stake in the combined business after a $30 million growth equity investment.