Akamai (AKAM) soars 12.1% AH after BI claims multiple sources believe Google (GOOG) is about to acquire the company. BI thinks an acquisition could be a smart move given Akamai's valuation, and its "trove of valuable data" on web users. One could also add the ability of Akamai's massive network to improve the performance of Google services.
At last look, Akamai shares were 13% higher at $26.47. The stock has lost about half its value this year after a couple of disastrous earnings reports.
Remember that Akamai, which helps make the Internet and digital video run faster, is one of the few dotcom survivors. Twelve years ago, Akamai traded above $300.
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