Edgecast
On December 9, 2013, the boards of directors of Verizon Communications and Edgecast each approved Verizon's acquisition of Edgecast and the deal was closed on December 23, 2013. Between 2013 and 2016, Edgecast Networks was a subsidiary of Verizon as part of the Verizon Digital Media Services group, among upLynk LLC and others. In 2017, Verizon Digital Media Services, Inc. became part of Oath Inc., which was rebranded Verizon Media on January 8, 2019. In September 2021, Verizon Digital Media Services rebranded as Edgecast following the Apollo Global Management purchase of 90% stake of Verizon Media, which now renamed to Yahoo Inc.
On March 7, 2022, Limelight Networks announced its intention to acquire Edgecast for approximately $300 million. Once the deal is approved, the companies will jointly rebrand as Edgio. Uplynk, stylized as upLynk, was a Los Angeles-based startup company founded in 2010 that created video-streaming services, notably used by Disney–ABC Television Group. , it had 10 employees and was self-funded; at that time, Disney Interactive Media Group's technology SVP Skarpi Hedinsson remarked, "The upLynk platform offers significant operational efficiency and simplifies the process of reaching audiences on any device or platform while maintaining a high quality viewing experience." It was acquired by Verizon Digital Media Services on November 13, 2013, reportedly for greater than $75 million.
History
Edgecast Networks, Inc., formerly Verizon Digital Media Services (VDMS), was a subsidiary of Yahoo Inc. and provider of content delivery network (CDN) and video streaming services. It was rebranded as Edgecast in September 2021, following Apollo Global Management's acquisition of 90% of Verizon Media, which in turn became the current incarnation of Yahoo. In March 2022, Limelight Networks announced its intention to acquire Edgecast; once the deal is complete, the merged companies will operate as Edgio.