Akamai Technologies have announced that the company will acquire Linode, one of the most popular Infrastructure-as-a-Service (IaaS) platforms today.
Under terms of the agreement, Akamai has agreed to acquire all of the outstanding equity of Linode Limited Liability Company for approximately $900 million, after customary purchase price adjustments. As a result of structuring the transaction as an asset purchase, Akamai expects to achieve cash income tax savings over the next 15 years that have an estimated net present value of approximately $120 million. The transaction is expected to close in the first quarter of 2022 and is subject to customary closing conditions.
I’ve been using both Digital Ocean & Linode for a few years now and only recently made the decision to switch all my US-based nodes from DO to Linode because they have slightly better performance there. I don’t know how I feel about this acquisition yet, but I’m going to put my node transfers on hold.