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Re: Plegee post# 420

Wednesday, 03/16/2022 6:06:42 PM

Wednesday, March 16, 2022 6:06:42 PM

Post# of 426
My belief is the EdgeCast acquisition has greatly increased LLNW footprint into scalable edge computing which will result in immediate eps improvement even with the additional shares that will be issued.

https://www.streetinsider.com/Corporate+News/Limelight+Networks+(LLNW)+Acquires+Yahoos+Edgecast+for+$300M+in+Stock/19734296.html

per article: "The combination will create a globally scaled, edge enabled software solutions provider with pro forma 2021 revenue of more than $500 million across cloud security and web applications, content delivery and edge video platform."

Seems more like a merger to me: "Yahoo will receive approximately 72.2 million shares of Limelight common stock, subject to customary closing adjustments, and will own approximately 31.9% of the combined company at closing."