Thursday, December 22, 2011

Done, For $268M in Cash [Rumors: Akamai to Buy Cotendo for $300M]

Rumors (here) became reality - "Akamai Technologies  and Cotendo announced today that the two companies have signed a definitive agreement for Akamai to acquire Cotendo. .. Akamai will acquire all of the outstanding equity of Cotendo in exchange for a net cash payment of approximately $268 million , after expected purchase price adjustments, plus the assumption of outstanding unvested options to purchase Cotendo common stock".

Paul Sagan (pictured) president and CEO of Akamai said: "As we look to accelerate growth across the dynamic landscapes of cloud and mobile optimization .. Together, we believe there is tremendous opportunity for our combined technologies as enterprises embrace the move to the cloud and seek solutions for an increasingly mobile world"
See "Akamai to Acquire Cotendo" - here.

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