M&A Deal Summary

Edgio Acquires EdgeCast

On March 7, 2022, Edgio acquired information technology company EdgeCast from Verizon Communications for 300M USD

Acquisition Highlights
  • This is Edgio’s 1st transaction in the Information Technology sector.
  • This is Edgio’s largest (disclosed) transaction.
  • This is Edgio’s 6th transaction in the United States.
  • This is Edgio’s 4th transaction in California.

M&A Deal Summary
Date 2022-03-07
Target EdgeCast
Sector Information Technology
Buyer(s) Edgio
Sellers(s) Verizon Communications
Deal Type Divestiture
Deal Value 300M USD
Advisor(s) Evercore Group
RBC Capital Markets (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

EdgeCast

Los Angeles, California, United States
EdgeCast helps companies meet the ever-growing expectations of their customers. Edgecast's set of solutions across content delivery, cloud security, and video streaming, combined with a team of customer-oriented domain experts, streamlines operations and improves efficiencies, so businesses can redirect their energy into creating value for their customers not managing multiple vendors and workflows. EdgeCast was founded in 2006 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Edgio

Phoenix, Arizona, United States
Category Company
Founded 2001
Sector Information Technology
Employees822
Revenue 338M USD (2022)
DESCRIPTION

Edgio is a premier content delivery network (CDN) service provider that enables organizations to deliver faster websites, more responsive applications, the highest quality video, and consistent game and software downloads to any device. Edgio was founded in 2001 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (California) 4 of 4
Country (United States) 6 of 6
Year (2022) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Layer0

San Francisco, California, United States

Layer0 provides development, deployment and monitoring tools that deliver sub-second web apps and APIs through an all-in-one Jamstack platform. Layer0 is based in San Francisco, California.

Buy $33M

Seller(S) 1

SELLER

Verizon Communications

New York, New York, United States
Category Company
Founded 1983
Sector Communications
Employees104,400
Revenue 134.0B USD (2023)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon Communications is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon Communications was founded in 1983 and is based in New York City.

DEAL STATS #
Overall 13 of 13
Sector (Information Technology) 3 of 3
Type (Divestiture) 12 of 12
State (California) 2 of 2
Country (United States) 13 of 13
Year (2022) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Complex Networks

New York, New York, United States

Complex Networks champions the people, brands, and new trends needed to know now, will obsess over next, and builds consumer universes around them. The company was formed from the acquisition of Complex Media Inc. through a joint venture by Verizon and Hearst, creates and distributes original programming with premium distributors including Netflix, Hulu, Turner, Corus, Facebook, Snap, Fuse, Pluto TV, Roku, and more. Its content spans across the music to movies, sports to video games, fashion to food, and more. Complex Networks was formed in 2002 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 Frontier Communications Parent

Dallas, Texas, United States

Frontier Communications Parent is a provider of broadband, voice, satellite video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for residential customers, small businesses, and home offices, and advanced communications for medium and large businesses in 27 states. Frontier Communications Parent was founded in 1935 and is headquartered in Dallas, Texas.

Buy $20.0B
Mergr

Product

Company

Legal