Aloha, Limelight Networks
Hope springs eternal for Limelight longs, and perhaps their long awaited takeout will occur. Will there be any sort of premium?
Limelight (LLNW) has announced it will appeal Friday’s ruling . By so doing, it gets a stay on the injunction ruling until the appeal can at least be heard. So for the mean time, it will be business as usual for Limelight and they won’t be forced to shut down.
That being said, discussions are underway about Limelight being acquired by a larger player in the space who would then fight Akamai (AKAM) in court over the ruling. Limelight does not have a lot of resources to fight such a ruling, nor an extensive patent portfolio, so they are limited in what they can do.
While rumors have been circulating about Limelight being acquired by Microsoft (MSFT), I am predicting it would be AT&T (T) or Level 3 (LVLT). Talks are intensifying about the acquisition and I put the chance at over 50%.
We will call it game over; this time Aloha means goodbye.
June 29, 2007
I would like to offer a hearty Aloha to the shareholders of Limelight. Of course, in the Hawaiian language, that can mean hello or goodbye.
Thanks Goldman!
RIP LImelight, the most cooperative short, ever.
Limelight Appeals Ruling: Will It Be Acquired Shortly?
Seeking Alpha
Sharks Circling Limelight Networks
1440 Wall Street
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