Could Microsoft Buy Limelight Networks (LLNW)?
Tweet
Share
E-mailGet Alerts MSFT Hot Sheet
Join SI Premium – FREE
Henry Blodget at Silicon Alley Insider discusses a rumor that Microsoft (Nasdaq: MSFT) could buy content-delivery-network Limelight Networks (Nasdaq: LLNW).
Blodget said his source has heard this rumor twice in recent days from independent sources.
Blodet contends, that while a deal between the two would seem odd, Microsoft could buy the company to gain ground on Google (Nasdaq: GOOG). Blodet said Google has been built around "cloud computing", where computing moves away from PC and individual severs to a cloud of computers. Microsoft wants to shift more into "cloud computing", and a buyout of Limelight could help with this strategy.
Shares of Limelight Networks are up 13% today on the speculation.
Link To Alley Insider article.
Blodget said his source has heard this rumor twice in recent days from independent sources.
Blodet contends, that while a deal between the two would seem odd, Microsoft could buy the company to gain ground on Google (Nasdaq: GOOG). Blodet said Google has been built around "cloud computing", where computing moves away from PC and individual severs to a cloud of computers. Microsoft wants to shift more into "cloud computing", and a buyout of Limelight could help with this strategy.
Shares of Limelight Networks are up 13% today on the speculation.
Link To Alley Insider article.
You May Also Be Interested In
- The Hardest Part of Quantum-Proofing a Company Isn't the Encryption. It's Deciding Where to Start
- Stripe, Advent In Talks To Buy Paypal - WSJ
- Blackstone Mulls Pulling Plug on $3 Billion Stakes-for-Cash Deal - Bloomberg
Create E-mail Alert Related Categories
Insiders' Blog, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
