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Akamai seeks $2.6B in convertible bonds, plans $350M stock buyback
Akamai seeks to raise $2.6B in convertible bonds to fund cloud infrastructure spending, with $350M of proceeds earmarked for a common stock buyback.
David Morris / Bloomberg: Akamai is seeking to raise $2.6B in a convertible bond offering, and plans to use $350M of the offering to buy back its common stock from buyers of the bonds — Akamai Technologies Inc.
is seeking to raise $2.6 billion in a convertible bond offering to fund spending on cloud computing infrastructure.
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