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Announced

Completed

Akamai completed the acquisition of Linode for $900m.

Financials

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Transaction Value£664m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

infrastructure-as-a-service

Acquisition

Friendly

Software

Single Bidder

Majority

United States

Private

Completed

Synopsis

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Akamai, a content delivery network, completed the acquisition of Linode, an infrastructure-as-a-service platform provider, for $900m. “The opportunity to combine Linode’s developer-friendly cloud computing capabilities with Akamai’s market-leading edge platform and security services is transformational for Akamai. Akamai has been a pioneer in the edge computing business for over 20 years, and today we are excited to begin a new chapter in our evolution by creating a unique cloud platform to build, run and secure applications from the cloud to the edge. This is a big win for developers who will now be able to build applications on a platform that delivers unprecedented scale, reach, performance, reliability and security," Tom Leighton, Akamai Technologies CEO and Co-Founder.

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