Rayburn: Limelight May Be in Acquisition Talks
Deal chatter about content delivery networks is nothing new. But few people know the CDN space as well as Dan Rayburn, who reports today that Limelight Networks may be in discussions to sell the company. “While I don’t have all the specifics, over the weekend I was able to confirm via a third party that Goldman Sachs, the largest shareholder in Limelight Networks, is working on a deal with Limelight that will drastically change the company, and I expect it is an acquisition,” Rayburn reports.
As expected, Limelight (LLNW) says it “does not comment on rumors or speculation.” Rayburn says that it’s possible Limelight is raising a new round of funding. “While it’s not unreasonable to think the company could raise another round, my bet is on Limelight getting acquired,” Dan writes, citing Verizon, AT&T and Microsoft as the most likely acquirers. Check out Dan’s full story at StreamingMedia.com.
Meanwhile, Rob Powell at Telecom Ramblings looks at the list of potential acquirers.