Limelight acquires Yahoo’s Edgecast and rebrands to Edgio

Limelight

Limelight Networks, a content delivery network (CDN) provider, has agreed to acquire Yahoo’s Edgecast CDN in an all-stock transaction valued at £230 million.

The combined company will rebrand to Edgio to become, in Limelight’s words, a global leader in edge-enabled software solutions.

Yahoo, itself owned by Apollo and Verizon, will receive 72.2 million shares of Limelight stock, own 31.9% of the new company, and appoint three directors to its...

Videon raises £6.7m in Series B for edge streaming platform

Videon Live Streaming

Edge video start-up Videon has raised $9 million (£6.7m) for its platform that makes live video processing and distribution faster and more efficient.

Funding for the Series B round was led by Alter Venture Partners with participation from Voyager Capital, Fortson VC, Bruce Chizen, and Cercano Management.

Following on from a successful Series A in June 2021, Videon’s total funding raised in the past seven months sits at $16.3 million (£12.1m).

Tricia...