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BRIEF-Akamai Announces Intent To Acquire API Security Company Noname
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BRIEF-Akamai Announces Intent To Acquire API Security Company Noname
May 7, 2024 4:59 AM

May 7 (Reuters) - Akamai Technologies Inc ( AKAM ):

* AKAMAI ANNOUNCES INTENT TO ACQUIRE API SECURITY COMPANY

NONAME

* AKAMAI TECHNOLOGIES INC ( AKAM ): PROPOSED DEAL FOR APPROXIMATELY

$450

MILLION

* AKAMAI TECHNOLOGIES INC ( AKAM ) - UNDER TERMS OF AGREEMENT, AKAMAI

HAS

AGREED TO ACQUIRE ALL OF OUTSTANDING EQUITY OF NONAME FOR

APPROXIMATELY $450 MILLION

* AKAMAI TECHNOLOGIES INC ( AKAM ): FOR FISCAL YEAR 2024, ACQUISITION

IS

ANTICIPATED TO DELIVER APPROXIMATELY $20 MILLION OF REVENUE

* AKAMAI TECHNOLOGIES INC ( AKAM ): FOR FISCAL YEAR 2024, ACQUISITION

IS

ANTICIPATED TO BE DILUTIVE TO NON-GAAP NET INCOME PER DILUTED

SHARE BY ABOUT $0.10

Source text for Eikon:

Further company coverage:

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