Akamai to Acquire Cotendo for $268M

Akamai Technologies, Inc. AKAM and Cotendo announced today that the two companies have signed a definitive agreement for Akamai to acquire Cotendo. Under terms of the agreement, Akamai will acquire all of the outstanding equity of Cotendo in exchange for a net cash payment of approximately $268 million, after expected purchase price adjustments, plus the assumption of outstanding unvested options to purchase Cotendo common stock. The closing of the transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to occur in the first half of 2012.