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Limelight Networks buys EyeWonder for $110M

Mon, 12/21/2009 - 7:20am
Mike Robuck

Limelight Networks announced today that it has an agreement in place to buy EyeWonder for $110 million, with the deal expected to close in the first half of next year.

Limelight will use roughly $62 million in cash to buy privately held EyeWonder, with the final amount depending on EyeWonder’s financial status at the time of the closing. The bulk of the transaction will be made up of approximately 12.74 million shares of Limelight’s common stock.

The deal will merge Limelight’s delivery, storage, management and consulting services with EyeWonder’s monetization offerings.

“Today, two best-in-class companies are combining to capitalize on the clear opportunity created by a macro shift of content consumption and advertising spend away from legacy channels and toward the growing world of Internet-connected devices. Limelight and EyeWonder bring together deep technical and operational skills for creating a brilliant online experience anywhere, on any device, and the ability to help advertisers and publishers monetize that experience,” said Jeff Lunsford, chairman and CEO of Limelight.

More Broadband Direct 12/21/09:
•  MPEGIF launches '3-D over MPEG' campaign
•  DirecTV asks FCC not to include its boxes in retail
•  Verizon Wireless to FCC: Smartphones more costly
•  Limelight Networks buys EyeWonder for $110M
•  Netflix sued for violating privacy laws
•  Future TV the focus of Master Class at CES
•  Maine to consider cell phone cancer warning
•  Broadband Briefs for 12/21/09
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