We are 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.

Weiss Law is investigating whether (i) Limelight’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, and (ii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.