To continue getting breaking news and the full stories from The Boston Globe, subscribe today.

The Boston Globe

Business

Boston.com

Akamai acquires key rival Cotendo with $268m deal

By Michael B. Farrell

 |  Globe Staff  

  December 23, 2011

Shares of Akamai Technologies Inc. , a Cambridge company that manages Web traffic for some of the Internet’s biggest sites, jumped 19 percent yesterday after it announced plans to buy rival Cotendo Inc. for $268 million. The deal eliminates a threat to Akamai’s dominance in the content delivery network business from a small competitor that had been making big strides speeding up Web access on mobile phones, a fast growing segment of Akamai’s business.

Stay with the story. Get full access to BostonGlobe.com for just 99¢

Unlimited access to BostonGlobe.com for only 99¢ for the first 4 weeks. You can cancel at any time.

  • The FULL story all day: Enjoy all of the high-quality, in-depth journalism in the print edition of the Boston Globe — plus breaking news that's updated 24/7.
  • A truly reader-friendly format: It's online news that looks and reads just like the newspaper — uncluttered, uninterrupted.
  • Breakthrough technology: The responsive design automatically adapts content so it always reads perfectly on the digital device of your choice.
Get started today

Free access for home delivery subscribers.

Just need to link your home delivery account; one easy step.

Link my home delivery account

BostonGlobe.comSubscriber Log In

Contact us for help