Akamai Technologies (AKAM) announced Wednesday morning that it has acquired Blaze Software Inc. in a cash transaction. Financial terms of the agreement were not disclosed.
Akamai Technologies has been rising since the open Wednesday and is now up 1.36 at $35.01. The stock has broken out of a month and a half long range and has set over an 8-month high.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.