CAMBRIDGE, Mass. (AP) – Akamai Technologies Inc., whose services are used to stream video and multimedia content over the Internet, said Wednesday it completed its acquisition of Netli Inc., a privately-held network infrastructure service provider.
The company agreed to buy Mountain View, Calif.-based Netli in February for 3.2 million of its shares. The deal was worth about $177.8 million. based on Akamai’s stock price at the time it was announced, but the company’s stock price has dropped more than 7 percent since.
Akamai’s shares rose 35 cents to close $51.85 on the Nasdaq Stock Market.
Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Cardano 
Avalanche 
Toncoin