Akamai Buys Linode for $900 Million

• (PLX AI) - Akamai to acquire Linode for approximately $900 million.
• • Akamai expects to achieve cash income tax savings over the next 15 years that have an estimated net present value of approximately $120 million
• • The transaction is expected to close in the first quarter of 2022 and is subject to customary closing conditions
• • For fiscal year 2022, the acquisition of Linode is anticipated to add approximately $100 million in revenue and be slightly accretive to non-GAAP EPS by approximately $0.05 to $0.06