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How will Akamai's stock price react within a week post-acquisition announcement?
4
Resolution / Starting Odds
Increase • 33%
No Significant Change • 34%
Decrease • 33%
Stock market data
Story
Akamai to Acquire Noname Security for $450M, Closing Q2 2024
May 7, 2024, 11:46 AM
Akamai Technologies has confirmed its acquisition of Noname Security for approximately $450 million, aiming to enhance its API security capabilities. Noname Security, which finds and fixes API vulnerabilities, was valued at $1 billion in December 2021. The deal, expected to close in Q2 2024, allows Akamai to extend protection across all API traffic locations, addressing the growing demand for API security.
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