InvestorsHub Logo
Followers 3
Posts 152
Boards Moderated 0
Alias Born 08/17/2006

Re: None

Tuesday, 03/29/2022 5:44:32 PM

Tuesday, March 29, 2022 5:44:32 PM

Post# of 426
Over $5 for the 2nd day in a row, sure hope the current momentum sticks for awhile. The recent Edgecast acquisition/merger is getting some praise in the analyst community. Essentially acquired at 1.0 times Edgecast annual revenue. Yahoo will hold 31% of the retitled company - Edgio. Think they could have come up with a better name though imo. The common share transaction tells me that Yahoo has faith in the direction/merits of the new company.

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

This is getting exciting, the new management team is already setting a promising pace.