New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 15, 2014
14:33 EDTLLNWLimelight Networks says Tuition Build offer is not an actionable proposal
Limelight Networks announced that it has received an unsolicited offer to purchase the company from an entity that management believes is a non-credible source. Under the proposal, first reported by media outlets, then confirmed via phone and follow up email, on June 13, Tuition Build has offered to purchase and take private Limelight Networks for $644.7M or $6.55 per share if certain unspecified financial thresholds were satisfied. Representatives of the company contacted Tuition Build to make inquiries regarding its proposal and ability to complete the proposed transaction. Based on these inquiries, as well as independent investigations of Tuition Build, management has concluded that Tuition Build does not have the experience, credentials, financial resources, or capability to complete the proposed transaction, and that Tuition Build’s stated interest in acquiring Limelight Networks is not an actionable proposal. Accordingly, management believes current and prospective investors in Limelight Networks should disregard Tuition Build’s proposal.
News For LLNW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 23, 2015
09:06 EDTLLNWLimelight Networks announces intent to file appeal to SCOTUS in Akamai dispute
Subscribe for More Information
November 18, 2015
16:17 EDTLLNWLimelight Networks CFO Pete Perrone to step down
Limelight Networks announced that Pete Perrone has informed the company of his intent to resign his duties as CFO effective December 4. Limelight's Board of Directors will conduct a search for a new CFO. Sajid Malhotra, Limelight's chief strategy officer, has been named interim CFO, effective December 4, until a permanent CFO is named. Commenting on the departure, Limelight's CEO Bob Lento said "In his capacity as the CFO and as a Board member prior to that, Pete made significant contributions to the turnaround and growth of Limelight. The employees, the Board of Directors and I would like to thank Pete and wish him well in his future." He added, "I am extremely confident in the depth and strength of the finance team and in Sajid's ability to lead the finance organization during this transition. Pete's departure is unrelated to the recent developments in the Akamai lawsuit and to the financial performance of the business. We are leaving the fourth quarter and full year 2016 guidance unchanged."
November 16, 2015
12:53 EDTLLNWLimelight Networks responds to US Court of Appeals decision
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use