BRIEF-Bankruptcy Court Approves Winning Akamai Bid For Select Assets Of Edgio

Reuters

2024/11/27

Nov 26 (Reuters) - Akamai Technologies Inc :

* BANKRUPTCY COURT APPROVES WINNING AKAMAI BID FOR SELECT ASSETS OF EDGIO

* AKAMAI TECHNOLOGIES INC - FOR Q4 OF 2024, AKAMAI EXPECTS DEAL TO ADD ABOUT $9-$11 MILLION IN REVENUE

* AKAMAI TECHNOLOGIES INC - ANTICIPATES TRANSACTION TO BE DILUTIVE TO NON-GAAP NET INCOME PER DILUTED SHARE BY ABOUT $0.03-$0.05 IN Q4

* AKAMAI TECHNOLOGIES INC - FOR 2025, ANTICIPATES DEAL WILL ADD ABOUT $80-$100 MILLION IN REVENUE AND BE ACCRETIVE TO ADJUSTED EPS BY ABOUT $0.15-$0.20

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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