Akamai Shares Jump On Buyout Chatter. But Who's Buying? (AKAM)

Akamai Technologies (AKAM) shares are up 6.3% today to $24.02 on “renewed takeover chatter.”

With a $4 billion market cap/$3.7 billion enterprise value, the content delivery network could be an easy acquisition for many big telecom operators or Internet companies.

So who might buy? The usual suspects include AT&T, foreign telcos, or possibly Internet giants like Microsoft. But so far, we haven’t seen any specific names being tossed around with today’s rumour.

Another possibility for the stock jump: Potential good news from Akamai’s patent case with rival Limelight Networks (LLNW).

Know more? Let us know in comments below, by email to [email protected], or via our anonymous tips box.

See Also:
Buy Limelight On Olympics Upside, Potential Akamai Deal, Says Jefferies
Akamai CEO: Media And Entertainment Business Growing Slower Online
Akamai Q2 Sales Light, Profits In Line, Guidance Very Weak

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