Bloomberg News

Akamai Rises After Report Fuels Speculation Google May Buy It

October 12, 2011

Oct. 12 (Bloomberg) -- Akamai Technologies Inc. rose as much as 17 percent in late trading after a report fueled speculation that Google Inc. may be close to acquiring it.

“Multiple ad tech industry sources think Google is about to buy Akamai,” according to a report in Business Insider. “It’s mostly just a rumor.”

Akamai, which supplies the computer power that speeds delivery of Internet content, rose to as high as $27.35 in late trading, after closing up 2 cents to $23.37 in regular trading.

To contact the reporter on this story: Brian Womack in San Francisco at bwomack1@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net


Silicon Valley State of Mind
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus