Limelight Networks (NASDAQ:LLNW) has announced it will sell its EyeWonder media advertising unit to DG (NASDAQ:DGIT) for $66 million in cash. “This deal is another step forward in expanding DG’s presence in the fast-growing Internet advertising vertical,” said Scott Ginsburg, Chairman and CEO of DG.
Australian mining company Macarthur Coal (MCC) is backing a $5.12 billion offer from coal company Peabody Energy (NYSE:BTU) and steel producer ArcelorMittal (NYSE:MT). Rival Anglo American may still shake up the coal industry (NYSE:KOL) with a new bid.
U.S. regulators have given General Electric (NYSE:GE) conditional approval to buy Converteam, a French company that makes high-efficiency motors for oil and gas refineries. On Monday, the Justice Department said GE would have to sell the Converteam Group’s Electric Machinery Holding Co. if it wanted to proceed with the $3.2 billion deal for a majority stake in Converteam.
Cisco (NASDAQ:CSCO) announced Monday that it had bought privately-held Versly for an undisclosed amount. The purchase is intended to help Cisco expand in collaboration technology aimed at corporate clients who want to facilitate employees working together more easily. Cisco estimates that there is a $45 billion market for the technology.