M&A Deal Summary

Akamai Technologies Acquires Lumen - Select Content Delivery Customer Contracts

On October 10, 2023, Akamai Technologies acquired communications company Lumen - Select Content Delivery Customer Contracts from Lumen

Acquisition Highlights
  • This is Akamai Technologies’ 1st transaction in the Communications sector.
  • This is Akamai Technologies’ 24th transaction in the United States.
  • This is Akamai Technologies’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2023-10-10
Target Lumen - Select Content Delivery Customer Contracts
Sector Communications
Buyer(s) Akamai Technologies
Sellers(s) Lumen
Deal Type Divestiture

Target

Lumen - Select Content Delivery Customer Contracts

Monroe, Louisiana, United States
Lumen's Select Content Delivery Customer Contracts provides an array of communications services.

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Buyer(S) 1

Buyer

Akamai Technologies

Cambridge, Massachusetts, United States
Category Company
Founded 1998
Sector Information Technology
Employees8,780
Revenue 3.8B USD (2023)
DESCRIPTION
Akamai's corporate headquarters in Cambridge, Massachusetts.
Akamai's corporate headquarters in Cambridge, Massachusetts.

Akamai Technologies is a provider of cloud services for delivering, optimizing and securing online content and business applications. Akamai was formed in 1998 and is based in Cambridge, Massachusetts.

DEAL STATS #
Overall 33 of 34
Sector (Communications) 1 of 1
Type (Divestiture) 2 of 2
State (Louisiana) 1 of 1
Country (United States) 24 of 25
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-24 StackPath - Select Enterprise Customer Contracts

Dallas, Texas, United States

StackPath's Select Enterprise Customer Contracts provides web services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Noname Security

San Jose, California, United States

Noname Security is an application programming interface (API) security company, application programming interface (API) security company. Noname Security was founded in 2020 and is based in San Jose, California.

Buy $450M

Seller(S) 1

SELLER

Lumen

Monroe, Louisiana, United States
Category Company
Founded 1968
Sector Communications
Employees27,000
Revenue 14.6B USD (2023)
DESCRIPTION
CenturyLink office location in downtown St. Paul, Minnesota.
CenturyLink office location in downtown St. Paul, Minnesota.

Lumen is an integrated communications company engaged in providing an array of communications services to residential, business, governmental and wholesale customers. CenturyLink's communications services include local and long-distance, network access, private line (including special access), public access, broadband, data, managed hosting (including cloud hosting), colocation, wireless and video services. In certain local and regional markets, the Company also provides local access and fiber transport services to competitive local exchange carriers (CLECs) and security monitoring. Lumen was established in 1968 and is based in Monroe, Louisiana.

DEAL STATS #
Overall 5 of 5
Sector (Communications) 4 of 4
Type (Divestiture) 5 of 5
State (Louisiana) 2 of 2
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Lumen - EMEA Business

London, United Kingdom

Lumen's EMEA Business consisting terrestrial and subsea networks, data-centers and network equipment. Lumen's EMEA Business is based in London, United Kingdom.

Sell $1.8B
Mergr

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