Akamai Technologies’ (AKAM) update on a contract renegotiation with its largest customer, believed to be Apple (AAPL), is a big topic among analysts heading into Q4 earnings. Akamai, which reports results after the market close on Wednesday, is the No. 1 provider of CDN (content delivery network) services to media and entertainment companies. Shares in Akamai were down 3.3% in midday trading on the stock market today after website
Making a push into Internet content delivery networks, Verizon Communications said Monday it’s agreed to buy EdgeCast Networks, the main rival of market leader Akamai Technologies in licensing CDN technology to telecom, media and other companies. The Verizon-EdgeCast deal will likely intensify competition in the CDN market, where Akamai (AKAM) faces competition from newcomer Amazon Web Services, the cloud arm of Amazon.com (AMZN). Verizon (VZ)
Making a push into content delivery networks, Verizon Communications (VZ) agreed to buy privately held EdgeCast, sending shares of CDN market leader Akamai Technologies (AKAM) down. Verizon paid around $350 million for EdgeCast, reported TechCrunch. Verizon said it expects the EdgeCast deal to close in early 2014. “The combination of EdgeCast and Verizon Digital Media Services will allow us to fully exploit and accelerate growth in Internet media