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The rapid M&A activity in the CDN space continues: Akamai has bought out Netli, a network infrastructure and optimization service provider, for 3.2 million shares of Akamai common stock. Based on Akamai’s closing price Friday of $55.55, the stock is worth roughly $177.8 million. Netli, founded eight years ago, has raised more than $47 million in funding from VC firms Granite Global Ventures, Reed Elsevier Ventures, Morgenthaler Ventures, Bessemer Venture Partners, BlueRun Ventures, and Leapfrog Ventures.
Netli’s applications are expected to be used to enhance Akamai’s application acceleration offerings — or services used to improve performance of Web-based applications. More details in release.
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