Akamai acquires select assets of Edgio in bankruptcy sale

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bankruptcy sale </h2> </div> <div class="post-meta-elements" style="margin: 10px 0 10px 0; width: 100%; background-color: #f7f7f7; padding: 5px 10px; color: #101010;"> <address class="post-meta-author author"> <i class="fa fa-user"></i>By CSI</address> <time pubdate datetime="18/11/2024" class="post-meta-date"> <i class="fa fa-calendar"></i>18/11/2024</time> </div> <div class="entry-main"> <div class="entry-content"> <img src="/csi/images/datacentreMAIN.jpg" alt="Article Image" class="img-responsive" style="margin: 10px auto 20px auto;"> <p><b>Akamai snaps up Edgio assets - but not the infrastrcuture.<br /> </b><br /> <br /> Akamai Technologies said it has successfully bid for select assets from Edgio as part of a Chapter 11 bankruptcy sale.<br /> <br /> The acquisition includes Edgio’s customer contracts in security and content delivery services, as well as non-exclusive licensing rights to Edgio’s patent portfolio. Notably, Akamai will not acquire any assets related to Edgio’s network infrastructure. In that sense, the deal is similar t when Akamai bought assets, including select content delivery customer contracts, from Lumen Technologies last year, but not the technology itself.<br /> <br /> The auction, conducted under a 363 bankruptcy sale process, concluded on November 13, 2024. The sale is pending court approval, with a hearing scheduled for November 25, 2024. If approved, the deal is expected to close in Q4 2024, subject to customary conditions.<br /> <br /> Akamai plans to share details about the financial impact of the acquisition once the transaction receives court approval.<br /> <br /> Edgio voluntarily filed for Chapter 11 bankruptcy in early September. The edge network company formed in 2022 following Limelight’s acquisition of Edgecast, was in the summer selected as the CDN partner for the live trial of BT's pioneering MAUD (Multicast Assisted Unicast Delivery). Edgio is also the CDN of choice for many other telcos and broadcasters worldwide under their multi-CDN strategies.</p> <br> <hr> <div class="sharewrap"> <div class="sharestorytext">Share Story:</div> <div class="jsiconwrap"> <a target="_blank" href="https://x.com/intent/tweet?text=Akamai acquires select assets of Edgio in bankruptcy sale&url=https://csimagazine.com/csi/akamai-buys-edgio-assets.php"> <i class="fa-brands fa-square-x-twitter" style="color:black;"></i> </a> </div> <div class="jsiconwrap"> <a target="_blank" href="http://www.linkedin.com/shareArticle?url=https://csimagazine.com/csi/akamai-buys-edgio-assets.php"> <i class="fa-brands fa-linkedin" style="color:#3371b7;"></i> </a> </div> </div> </div> </div> </article>  <div class="comment-title title-style01"> <h3>Recent Stories</h3> </div>  <div class="article"> <div class="entry-block-small recentstoriesblock"> <div class="entry-image"><a class="img-link" href="/csi/Netflix-tyson-boxing-streaming-glitches.php?utm_source=jsrecent"><img class="img-responsive img-full" src="/csi/images/newsplit.jpg"></a></div> <div class="content"> <h3><a class="recentstorieshref" href="/csi/Netflix-tyson-boxing-streaming-glitches.php?utm_source=jsrecent">Netflix’s first live boxing event watched in 60M homes despite streaming glitches</a></h3> <div> <a href="/csi/Netflix-tyson-boxing-streaming-glitches.php?utm_source=jsrecent"><span class="read-more">READ STORY</span></a> </div> </div> </div> <div class="entry-block-small recentstoriesblock"> <div class="entry-image"><a class="img-link" href="/csi/akamai-buys-edgio-assets.php?utm_source=jsrecent"><img class="img-responsive img-full" src="/csi/images/datacentreMAIN.jpg"></a></div> <div class="content"> <h3><a class="recentstorieshref" href="/csi/akamai-buys-edgio-assets.php?utm_source=jsrecent">Akamai acquires select assets of Edgio in bankruptcy sale</a></h3> <div> <a href="/csi/akamai-buys-edgio-assets.php?utm_source=jsrecent"><span class="read-more">READ STORY</span></a> </div> </div> </div> <div class="entry-block-small recentstoriesblock"> <div class="entry-image"><a class="img-link" href="/csi/dtg-latency-2024-report.php?utm_source=jsrecent"><img class="img-responsive img-full" src="/csi/images/VideoTechMAIN.jpg"></a></div> <div class="content"> <h3><a class="recentstorieshref" href="/csi/dtg-latency-2024-report.php?utm_source=jsrecent">Improvements in latency for live sports streaming in UK, but work to be done: DTG</a></h3> <div> <a href="/csi/dtg-latency-2024-report.php?utm_source=jsrecent"><span class="read-more">READ STORY</span></a> </div> </div> </div> </div>   <div class="row no-gutter"> <div class="col-md-12"> <div id="adbannerwrapjs"><a href=" " target=""></a></div> </div> </div> <br>  </div>   <div class="col-md-3"> <div class="sidebar-add-place"><a href="/csi/media-genix-mpu-1124" class="link-06c"></a><p class="rightsmall"><div style="padding-top:0px;"><a href="https://www.mediagenix.tv/event/the-content-lifecycle-revisited/?utm_source=csi&utm_medium=web-banner&utm_campaign=content-lifecycle-revisited" target="_blank"><img src="/csi/images/CSI-Banner-300x300-mediagenix-1124.png" border="0" alt="BANNER" title="BANNER"></a></div></p></div> <div class="sidebar-add-place"><a href="/csi/acceo-beyondthedownturn.php" class="link-06c"></a><p class="rightsmall"><a href="https://www.csimagazine.com/csi/accedo-beyond-the-downturn/" target="_blank"><img src="https://www.csimagazine.com/csi/images/300x250-ACCEDO-webinar.jpg" width="300" border="0"></a></p></div> <div class="jswrap4"><div class="jstitle4">CSI podcast: Content monetisation innovation</div><div class="jswrap5"><img src="/csi/images/HarmonicNo_Title.jpg"><audio controls><source src="/csi/podcast/Harmonic_podcast1307_.mp3" type="audio/ogg"><source src="/csi/podcast/Harmonic_podcast1307_.mp3" type="audio/mpeg">Your browser does not support the audio element.</audio></div><div class="jswrap6"><div class="jstext4">The latest in the CSI podcast series has Goran Nastic and Harmonic’s Rob Gambino talk through the latest opportunities and innovations around content monetisation. 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Among the topics covered are the move away from satellite to broadband IP, how Covid has accelerated strategic shifts, global spectrum pressures including the impact of C-band in the US, live sports and 5G, as well as what is being done to make distribution across all networks more sustainable.</div></div></div> <br> <div class="sidebar-add-place"><a href="/csi/Vantiva-AI_for_the_connected_home.php" class="link-06c"></a><p class="rightsmall"><a href="https://www.csimagazine.com/csi/pdf/Vantiva-AI-For-the-connected-home-SpecialFocus-2024.pdf" target="_blank"><img src="https://www.csimagazine.com/csi/pdf/300x300-CSI-VantivaBanner-AIintheConnectedHome.jpg" width="300" border="0"></a></p></div> <div class="sidebar-add-place"><a href="CSI_Subscribe_banner.php" class="link-06c"></a><p class="rightsmall"></p></div> <div class="sidebar-add-place"><a href="/csi/Tivo_Smart_TV_OS_evolution.php" class="link-06c"></a><p class="rightsmall"><a href="https://www.csimagazine.com/eblast/Supplements/SmartTV-Tivo.pdf" target="_blank"><img src="https://www.csimagazine.com/eblast/Supplements/300x300-CSI-Tivo.jpg" width="300" border="0"></a><strong></strong></p></div> <div class="sidebar-add-place"><a href="/csi/verizon-pdf-ir-2020-08-05" class="link-06c"></a><p class="rightsmall"><a href="https://www.csimagazine.com/csi/link.php?url=https://www.csimagazine.com/eblast/VerizonMediaSuppliment/CSI-VerizonMedia-Supplement2020.pdf" target="_blank"><img src="https://www.csimagazine.com/csi/images/300x300-CSi-Verizon-Banner-V2-082020.gif" width="300"></a></p></div> </div>  <div class="col-md-2"> <div class="sidebar-add-place"> <A TARGET="_blank" HREF="https://www.csimagazine.com/csi/link.php?url= https://www.csimagazine.com/awards/winners24.php" ALT="BANNER"><img src="https://www.csimagazine.com/../../csi/images/csi-winners-announced-0924-120X600.gif" border="0""></a> <A HREF="https://www.csimagazine.com/csi/link.php?url= " ALT=""></a> </div> <div class="sidebar-add-place"> <A TARGET="" HREF=" " ALT=""></a> <A HREF=" " ALT=""></a> </div> <div class="sidebar-add-place"> <A TARGET="" HREF=" " ALT=""></a> <A HREF=" " ALT=""></a> </div> <div class="sidebar-add-place"> <A TARGET="" HREF=" " ALT=""></a> <A HREF=" " ALT=""></a> </div> <div class="sidebar-add-place"> <A TARGET="" HREF=" " ALT=""></a> <A HREF=" " ALT=""></a> </div> </div>  </div>  </section>  <div class="container"> <div class="card" style="margin-top: 70px"> <div class="card-body"> <div id="fillme"></div> </div> </div> </div>  <div class="text-center cookiealert" role="alert"> We use cookies to ensure you get the best experience on our website. <a href="http://www.perspectivepublishing.com/privacy_policy.html" target="_blank" style="color: #3fd600;">Learn More</a> <button type="button" class="btn btn-sm acceptcookies"> Accept </button> </div>    <script src="/csi/bootstrap/js/cookiealert.js"></script>  <div id="copyrights">  <div class="container">  <div class="copyright"> © 2019 Perspective Publishing     <a target="_blank" style="color:white;" href="http://www.perspectivepublishing.com/privacy_policy.html">Privacy & Cookies</a></div>   <div class="footer-social-icons"> <ul> <li> <a target="_blank" href="https://www.x.com/CSI_Magazine" class="twitter"><i class="fa-brands fa-square-x-twitter"></i></a> </li> </ul> </div>  </div>  </div>  </div>   <script src="/csi/bootstrap/js/jquery-3.1.1.min.js"></script> <script src="/csi/bootstrap/js/bootstrap.min.js"></script> <script src="/csi/bootstrap/js/jquery-ui.min.js"></script> <script src="/csi/bootstrap/js/plugins.js"></script>  <script src="/csi/bootstrap/js/functions.js?ver=2"></script> </body> </html>

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