Tag Archives: Limelight Networks
Limelight Sells Off EyeWonder Division To DG Fast Channel For $66 Million
Limelight Networks, Inc. (NASDAQ:LLNW) has announced today that they have sold their EyeWonder ad division for $66 million in cash to DG Fast Channel. The deal is expected to close on September 1st. Limelight is also going to go through a $25 million stock repurchase. Limelight currently has a market cap of $282 million. Limelight expects revenues for the third quarter to hit $46.1 to $47.3 million. [Limelight Press Release]
Categories DG Fast Channel, EyeWonder, Limelight Networks
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Limelight Networks To Acquire EyeWonder For $110 Million
Content delivery network (CDN) company Limelight Networks, Inc. (NASDAQ:LLNW) has announced an agreement to acquire EyeWonder, Inc. EyeWonder is an online advertising company that works with Forbes 2000 advertisers, agencies, and content publishers. EyeWonder is expected to service about $500 million in media spend. Below is the full press release:
Limelight Networks Announces Agreement to Acquire EyeWonder, Inc.
TEMPE, AZ and ATLANTA, GA–(Marketwire – December 21, 2009) – Limelight Networks, Inc. (NASDAQ: LLNW) today announced a definitive agreement to acquire privately held EyeWonder, Inc. The transaction is expected to close in the first half of 2010.
“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 towards 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 chief executive officer, Limelight Networks, Inc. “We believe joining forces with the EyeWonder team will help us build long-term value for our shareholders and further establish Limelight Networks as an important, at-scale participant in the rapidly growing rich media, video, mobile, and web TV advertising sectors.”
Categories EyeWonder Inc., Limelight Networks
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