Apollo-Backed Software Maker Edgio Seeks Bankruptcy Protection
- Firm has support of primary lender, Lynrock Lake, it says
- Formerly Limelight, Edgio bought assets from Yahoo in 2022
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Edgio Inc., which is backed by private equity giant Apollo Management, has filed for Chapter 11 bankruptcy protection on Monday in Delaware.
The Nasdaq-listed company, a provider of media content and cyber-security solutions, listed $379 million in assets and $369 million in liabilities, according to court papers. The company has retained Richards Layton & Finger as its attorneys.