SHAREHOLDER ALERT: Weiss Law Investigates Limelight Networks, Inc.

NEW YORK, May 26, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Limelight Networks, Inc. ("Limelight" or the "Company") (NASDAQ: LLNW), in connection with the proposed transaction with Edgecast, Inc. ("Edgecast"), a business unit of Yahoo. Upon completion of the transaction, Yahoo will receive approximately 72.2 million shares of Limelight common stock. Additionally, current Limelight shareholders will own approximately 68.1% of the combined company, or approximately 64.5% under the assumption that Limelight achieves all share price targets under the conditional consideration agreement, while Yahoo will own approximately 31.9% or 35.5%, respectively. The all-stock transaction is valued at approximately $300 million.