CDN Provider Edgio Files for Chapter 11 Bankruptcy, Plans Asset Sale

📅 September 9, 2024 - Global content delivery network (CDN)provider, Edgio (Nasdaq: EGIO), has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. The move is part of a strategic effort to facilitate one or more sale transactions that would allow the company to continue operating under new ownership.

We are confident the flexibility gained through this process will enable the continued delivery of video streaming and web security solutions to our over 935 global customers who rely on us daily, said Todd Hinders, CEO at Edgio.Edgio evolved from Limelight Networks, a well-known provider of content delivery services that was founed in 2001. To ensure a smooth [...][... Check source for end of article ...]

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