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Limelight acquires Layer0 for USD 55 million

Thursday 29 July 2021 | 11:34 CET | News
Limelight Networks has agreed to acquire Moov Corporation, which does business as Layer0, for USD 32.5 million in cash and USD 22.5 million shares, or a total worth of USD 55 million. Limelight will also establish a retention pool of USD 30 million worth of restricted stock units to be granted to the Layer0 team. The takeover is expected to close next month. Layer0 CEO Ajay Kapur will then also join the company.

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Categories: Internet / IT
Companies: Limelight Networks
Countries: World
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