Akamai Wins the Bid for Edgio’s “Apps and Security Business Assets and Network Assets”

In Edgio’s bankruptcy asset auction, Akamai won the bid for Edgio’s “Apps and Security Business Assets and Network Assets.” Radware’s backup bid is for the Apps and Security Business Assets segment but not the Network Assets segment. The bankruptcy Judge will hold a hearing on November 25th to consider the transaction’s approval and transfer of the applicable assets. While network assets is the term used in the filing, I expect the deal includes Edgio’s delivery contracts and not their actual network assets tied to streaming and small and large object delivery. Lynrock won the assets for Uplynk and Interdigital, some of Edgio’s patents.