WilmerHale Counsels Akamai in Acquisition of Linode
- 2.16.2022
On February 15, 2022, Akamai Technologies, Inc., the world's most trusted solution to power and protect digital experiences, announced it entered into a definitive agreement to acquire Linode, one of the easiest-to-use and most trusted infrastructure-as-a-service platform providers. Together with Linode, Akamai will become the world’s most distributed compute platform, from cloud to edge.
Under terms of the agreement, Akamai has agreed to acquire all of the outstanding equity of Linode for approximately $900 million. The closing of the transaction is expected to occur in the first quarter of 2022, subject to customary closing conditions.
The WilmerHale team representing Akamai was led by Hal Leibowitz and included Andy Alin, James Higgins, Taylor Mielnicki and Michelle Sidle, with assistance from Bill Caporizzo and Meghan Walsh on tax matters, Amy Null and Laura Schneider on labor and employment matters, Ashwin Gokhale on intellectual property matters, Paul Jakubowski, Michael Kaplan and Benjamin Unger on real estate matters, Kirk Nahra on privacy and cybersecurity matters, Jay Holtmeier on Foreign Corrupt Practices Act matters, Barry Hurewitz on regulatory and government affairs matters, and Peggy Otum and Shannon Morrissey on environmental matters.
