Limelight, Akamai Reach Deal In Patent Payment
Tempe, Arizona-based Limelight Networks said today that it has reached a deal with Akamai, which will allow it to operate its network free of restrictions or future risk of infringement of a patent owned by Akamai. Limelight--which had owed $51M to Akamai over a patent infringement suit--said it has converted that $51M judgement into a three year, $54 million license to Akamai. That new licnse will be paid in 12 equal, quarterly installments starting today. The deal allows Limelight to spread out the payments owed to Akamai, and avoid future patent infringement issues, according to the company. The two companies have been fighting over that judgement and through appeals since 2008, and have a separate, different patent case currently in the courts.
posted on Monday, August 1, 2016
Related stories:
> Limelight To Pay $45M In Patent Trial
> Limelight Networks Win At Supreme Court To Shape Patent Law
> Limelight Gets Win In Patent Suit
> Limelight Reports Favorable Ruling In Patent Suit
> Limelight Networks Seeks Supreme Court Review Of Patent Ruling
Techrockies.com Home