Limelight completed the acquisition of Edgecast from Yahoo, Apollo and Verizon Communications for $300m.

Limelight, a provider of edge enabled web applications and content delivery solutions, completed the acquisition of Edgecast, a provider of edge security, content delivery and video services, from Yahoo, a global Internet services provider, Apollo, a private equity firm, and Verizon Communications, an American multinational telecommunications conglomerate, for $300m. “In a world where digital workloads and their consumers are increasingly distributed, the ability for companies to deliver exceptional digital experiences requires them to more productively build faster and safer solutions for their customers at the edge. Today marks a meaningful step in our ability to address this need. Edgio now boasts the most complete edge-native web application and API solution, best-in-class streaming and delivery capabilities – all running on the world's most performant globally-scaled edge network. These unique capabilities create a robust platform for growth and profitability,” Bob Lyons, Edgio CEO.