Akamai Technologies in Cooperation Agreement With Elliott

March 8, 2018

Cleary Gottlieb is representing Akamai Technologies in connection with its entrance into a cooperation agreement with activist investor Elliott Management and other governance and shareholder value initiatives.

On March 8, 2018, Akamai announced that Elliott had entered into a cooperation agreement with Akamai pursuant to which Elliott agreed to standstill provisions, as well as the appointment of two independent directors to the board of Akamai, plans to form a Financial Operating Committee, and other shareholder value initiatives.

Akamai is the world’s largest and most trusted cloud delivery platform. Akamai’s distribution platform includes over 200,000 servers across 130 countries. Akamai also has a portfolio of web and mobile performance, cloud security, enterprise access, and video delivery solutions.