Akamai Buys Speedera; Companies Settle Bitter Fight Over Patents, Trade Secrets

Law360, New York (March 17, 2005, 12:00 AM EST) -- Akamai Technologies has acquired rival Speedera Networks for $130 million in a deal that resolves the two companies’ bitterly fought patent and trade-secrets litigation, which had reportedly become prohibitively expensive.

Under the terms of the deal, Akamai will exchange 12 million shares for all of privately held Speedera's outstanding shares, its company-granted stock options and its India-based subsidiary.

The companies, which sell services to improve the performance of websites and enhance download speeds, had traded a series of lawsuits over alleged misappropriation of trade secrets and...
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