Akamai Buys Web Content Delivery Firm Nine Systems

Internet content acceleration firm Akamai is buying Nine Systems, a provider of media management tools, in a deal valued at about USD 169 million. The closing of the transaction, which is subject to regulatory conditions, including the approval of Nine Systems’ stockholders, is expected by year-end. The acquisition is expected to be accretive to Akamai’s earnings on a normalised, diluted per share basis in 2007, as per a statement issued by the company.

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