[ TRANSACTION RECORD ]

TX-280

VERIFIED VECTOR ID: 002184 · tx-280
M SOURCE NODE — FUNDER
— No Funder Linked —
$1,000,000,000
EQUITY
13/02/2024
Q DESTINATION NODE — RECIPIENT
SPV United States
Amount (USD)
$1.0B
Flow Type
EQUITY
Transaction Date
13/02/2024
Primary Source
Funder Profile [ M ]
Entity
AUM
HQ Location
Sector
Recipient Profile [ Q ]
Entity Type SPV
Jurisdiction United States
Intelligence Note

Akamai Technologies authorized a new 1 billion dollar share repurchase program to return capital to its institutional investors following a year of strong growth in its cloud security division. This transaction reflects the company’s successful transition from a content delivery provider to a comprehensive digital safety leader. The deal is a significant sign of institutional stability for the firm.