Fenwick & West LLP represented its long-time client, Speedera Networks, Inc., in its acquisition by Akamai Technologies, Inc. The two competitors were pioneers in the development of distributed computing platforms that improved the delivery of Web-based content and applications. The deal is valued at $130 million based on the trading price of Akamai's stock on the day prior to the signing, and is expected to close in the second quarter of 2005.
More information about the transaction can be obtained from the Speedera Web site
Working with Speedera counsel, Elizabeth Dominik, the Fenwick & West transaction team consisted of corporate attorneys Rob Dellenbach, Garth Bossow, Steve Levine, Sylvia Barboza, Dan Polsby, Ryan Hayes and Gail Suniga; benefits attorneys Bill Herochik, Mona Clee and Scott Spector; tax attorneys Adam Halpern and Ron Schrotenboer; IP attorneys Rajiv Patel, Brian Hoffman and Laura Majerus; antitrust attorney Mark Ostrau; trademark attorney Linda Henry; and employment and labor attorney Ray Hixson.
The Speedera principal stockholders were represented in the transaction by Cooley Godward partners Eric Jensen and John Geschke and associate Kathryn Hall. Jotham Stein and Cindy Smith of Stein Smith LLP represented Speedera's management.
Press inquiries should be directed to Rob Dellenbach at 415.875.2323 or firstname.lastname@example.org.